Examlex
A character on a TV show wanders into a hospital seeking help because he cannot remember who he is or where he is from.If the doctor on the show knows anything about memory,she will diagnose the man with:
Time Preference
The degree to which individuals value present goods or satisfaction over future goods or satisfaction.
Real Rate
The rate of interest an investor expects to receive after allowing for inflation.
Inflationary Premium
The part of the nominal interest rate on a loan or investment that represents compensation for the expected loss of purchasing power due to inflation.
Economic Efficiency
A state in which resources are allocated in the most effective way possible to meet consumers' needs and wants, maximizing output without wasting any resources.
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