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For Berkeley, "A Spirit Is One Simple, Undivided, Active Being-As

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For Berkeley, "A spirit is one simple, undivided, active being-as it perceives ideas it is called the understanding, and as it produces or otherwise operates about them it is called the will."


Definitions:

Real Interest Rate

The rate of interest an investor expects to receive after allowing for inflation.

CPI

Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, used as an indicator of inflation.

Fisher Effect

A theory proposed by economist Irving Fisher that describes the relationship between inflation and both real and nominal interest rates.

Nominal Interest Rate

The interest rate as stated without adjustment for inflation, representing the face value of financial transactions.

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