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theres a jug and a mug

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12y ago
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7mo ago

The jug and mug theory is a metaphor used in economics to explain the concept of money supply. In this theory, the economy is compared to a jug that represents the total money supply, and individual transactions are represented by mugs that hold differing amounts of money. When money is transferred from one mug to another, it represents the flow of money in the economy.

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Q: What is the jug and mug theory?
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