Examlex
Explain why greater equality is inevitably gained at the expense of efficiency.
Nominal Interest Rate
The interest rate in terms of nominal (not adjusted for purchasing power) dollars.
Coupon Rate
A bond’s interest payments per dollar of par value.
Expected Rate of Inflation
An estimate of the rate at which the general level of prices for goods and services will rise over a period.
Annual Real Rate
The annual rate of return on an investment, adjusted for inflation, indicating the real increase in the value of the investment over a year.
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