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How did Angell relate function and adaptation?
Hyperinflation
Extremely high and typically accelerating inflation, drastically eroding the real value of the local currency.
Real Interest Rate
is the interest rate adjusted for the effects of inflation, representing the true cost of borrowing and the real yield to investors.
Interest Rate
The percentage of a sum of money charged for its use, typically expressed as an annual percentage rate.
Demand for Loanable Funds
The desire to borrow money, driven by businesses and individuals who seek financing for investment, consumption, or other purposes, typically influenced by interest rates.
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