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What is the relationship between interest rates and bond prices? Explain.
Old Regime
The political and social system of France before the French Revolution of 1789, characterized by absolutism, feudalism, and the privileges of the nobility and clergy.
Marquis de Condorcet
A French philosopher, mathematician, and early political scientist who advocated for a liberal economy, free and equal public instruction, and the abolition of slavery.
Philosophe
A term used primarily to describe the intellectuals of the 18th-century Enlightenment, who sought to apply reason and scientific methods to all aspects of society and human life.
Terror
The use of extreme fear as a means of coercion, often involving violence and threats, to achieve certain ends such as political, religious, or ideological goals.
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