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A Small Number of Birds Arrive on an Island from a Neighboring

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A small number of birds arrive on an island from a neighboring larger island.This small population begins to adapt to the new food plants available on the island,and their beaks begin to change.About twice a year,one or two more birds from the neighboring island arrive.These new arrivals


Definitions:

Disinflation

A drop in the pace of inflation, showing that the rate at which prices of goods and services climb is slowing down.

Deflation

A decrease in the general price level of goods and services, often indicating a contraction in the economy.

Misery Index

An economic indicator created by adding the unemployment rate to the inflation rate, proposing to reflect the average citizen's financial discomfort.

Nominal Interest Rate

The rate of interest before adjusting for inflation, representing the face value of interest payments.

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