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When a wave reflects from a stationary boundary,
Real Interest Rate
The interest rate adjusted for inflation, reflecting the real cost of borrowing and the true return on savings.
Equilibrium Quantity
The quantity supplied and the quantity demanded at the equilibrium price.
Loanable Funds
The money available for borrowing in the financial market, determined by the level of savings and the supply of credit.
National Saving
The total of private savings and government savings, essentially the portion of national income that is not consumed or spent by government.
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