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# Money Price of Corn

## Definition

The price of grain expressed in monetary units, which serves as the
fundamental regulator of prices for all other commodities in the economy.

## Source Chapter

Book IV, Chapter 5

## Context

Smith argues that the money price of corn determines the money prices of
labor and all other goods, making it a crucial variable in understanding
how bounties affect the entire price structure of the economy.

## Economic Domain

Exchange

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