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If the Fed sells government securities, in the short run the nominal interest rate ________ and the real interest rate ________.
Warren Buffett
An American investor, business tycoon, philanthropist, and the chairman and CEO of Berkshire Hathaway, known for his successful investment strategies and one of the richest people in the world.
Billionaires
Individuals whose net worth or wealth is equal to or exceeds one billion units of a currency, often reflecting significant economic influence or power.
Tax Cuts
Tax cuts refer to reductions in the amount of taxes owed by individuals or corporations, often implemented to stimulate economic growth.
National Income
Net domestic product minus indirect business taxes.
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