Examlex
When affirmative action includes preferences over better qualified non-minorities, pubic support falters.
Inflation
The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.
Production Sector
A segment of the economy that includes the activities involving the manufacturing and production of goods.
Consumption Sector
Part of the economy that involves the purchase of goods and services by individuals and households.
Real Interest Rate
The interest rate adjusted for inflation, reflecting the true cost of borrowing or the true yield on an investment.
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