Examlex
What assumptions about human nature does Rawls make in developing his theory of justice using the artifice of the original position? Do you think that these assumptions are justified, or not? If so, do you think that the principles of justice that Rawls develops are binding on persons who were not in the original position (i.e., us)? Why, or why not? If not, do you think that the inadequacy of these assumptions undercut Rawls' views? Explain and justify your answer.
Nominal Interest Rate
The stated rate of interest on a financial instrument, not accounting for the compounding effect or inflation.
Inflation Rate
The elevation in the percentage cost of goods and services across an economy over an established period.
Relative-price Variability
Fluctuations in the price of one good or service in relation to others, affecting purchasing decisions and economic equilibrium.
Inflation Rate
A measure of how quickly the cost of goods and services rises, thereby reducing the purchasing power.
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