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What is the future of the mainframe environment?
Real GDP
A measure of the value of all goods and services produced within a country over a specific time period, adjusted for inflation.
Nominal Wage
The wage paid to employees in current dollars, without adjustment for inflation, reflecting the actual amount of money received.
Fisher Effect
Refers to the economic theory that real interest rates are independent of monetary measures, with any increase in expected inflation being matched by an equal increase in nominal interest rates over the long term.
Nominal Interest Rates
The interest rate before adjusting for inflation, representing the face value of interest paid or received.
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