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Which is the correct order for increasing size?
Inflation
The velocity at which the aggregate price level for goods and services elevates, thereby reducing purchasing capability.
Nominal Interest Rate
The interest rate before adjustments for inflation. It is the rate quoted on loans and deposits.
Inflation Rate
The Inflation Rate is a measure of the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling, usually expressed as a percentage.
Shoeleather Costs
The increased costs of transactions caused by inflation, including the time and effort spent to avoid holding cash that is rapidly losing value.
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