Examlex
The nominal interest rate equals the real interest rate ________ the inflation rate.
Interest Rates
The percentage charged on borrowed money, or earned through investment, over a certain period of time.
Inflation Rate
The percentage rate at which the general level of prices for goods and services is rising, eroding purchasing power over time.
Demand
The willingness and ability of consumers to purchase goods or services at a given price level.
Supply
The total amount of a good or service available for purchase at any given price level within a specific market.
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