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A linear curve has the same slope between every pair of points.
Phillips Curve Tradeoff
An economic theory suggesting an inverse relationship between the rate of inflation and the rate of unemployment, indicating that reducing inflation may lead to higher unemployment rates.
Fixed Incomes
Financial investments that provide returns in the form of fixed periodic payments and the eventual return of principal at maturity.
Nominal Interest Rate
The real interest rate plus the inflation rate.
Real Interest Rate
The interest rate adjusted for inflation, providing a more accurate measure of the cost of borrowing and the real yield to investors.
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