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Gross Domestic Product (GDP) is a flow measure of the value of finished goods and services produced within a country's borders in a specific time period. GDP is typically calculated on an annual basis.
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Explain inflation to an economic novice
In addition to what CAMELS says, it's not just the money supply but the product of money supply and money velocity.
To make matters even more complicated, the wider measures of money like M2 can eith …