Examlex
Loftus's work on eyewitness testimony has clearly demonstrated that
Inflation
The rate of increase in the general price index for goods and services, leading to a decrease in how much can be bought.
Purchasing Power
The amount of goods or services one can obtain with a single unit of currency, determining its value.
Deflation
A decrease in the general price level of goods and services, often indicating an reduction in the supply of money or credit.
Nominal Interest Rate
The percentage rate at which interest is charged or paid on a loan or investment, not adjusted for inflation.
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