Examlex
A continuous probability distribution that has a rectangular shape, where the probability is evenly distributed over an interval of numbers, is called a uniform probability distribution.
Real Interest Rate
The interest rate expressed in dollars of constant value (adjusted for inflation) and equal to the nominal interest rate less the expected rate of inflation.
Nominal Interest Rate
The nominal interest rate is the interest rate before adjustments for inflation, representing the face value of borrowed money.
Equilibrium Interest Rate
The interest rate at which the quantity of money demanded equals the quantity of money supplied in the financial markets, keeping the economy stable.
R&D Spending
Expenditures dedicated to research and development efforts aimed at innovation, product development, and improvement.
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