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The gap between productivity and real hourly compensation is the highest between the periods of
Loanable Funds Market
A theoretical market where borrowers and lenders interact to determine the interest rate and the quantity of loanable funds exchanged.
Real Interest Rate
The rate of interest an investor expects to receive after allowing for inflation, representing the true cost of borrowing.
National Saving
The sum of savings made by both individuals and the government within a country, crucial for financing national investments.
Real Exchange Rate
An exchange rate that has been adjusted to reflect the purchasing power of different currencies.
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