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Market Interest Rate
The prevailing rate of interest available in the loanable funds market, influenced by supply and demand for credit, central bank policy, and investors’ expectations.
Anti-inflation
Measures and policies implemented to reduce or control the rate of inflation in an economy.
Cold Turkey
The announcement and execution of tough measures to reduce high inflation.
Time-inconsistency
Time-inconsistency refers to the tendency of individuals or governments to change their plans about what they believe will be the best course of action in the future, often leading to inconsistencies in policy or personal decision-making.
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