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During periods of deflation, the real interest rate will be lower than the nominal interest rate.
Stratospheric Ozone
Ozone located in the Earth's stratosphere, forming a layer that absorbs most of the sun's harmful ultraviolet radiation.
UV Radiation
Ultraviolet radiation, a type of electromagnetic radiation that comes from the sun and artificial sources, capable of causing skin damage and other health issues.
Reradiated Heat
Heat that is absorbed by a surface or object and then emitted again as thermal radiation.
Greenhouse Gases
Gases in Earth's atmosphere that trap heat, including carbon dioxide and methane, contributing to global warming and climate change.
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