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Which of the following are responsible for production and quality control?
Higher Wages
Increased salaries or hourly rates paid to employees.
Real Interest Rates
The interest rate adjusted for inflation, reflecting the real cost of borrowing and the real yield to lenders or investors.
Nominal Interest Rates
The stated or advertised interest rate on a loan or investment, not adjusted for inflation.
Expected Inflation Rate
The anticipated rate at which the general level of prices for goods and services will rise over a specific period.
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