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The difference in hormone effects on two different tissues is due to
Inflation Rate
The rate at which the overall price level of goods and services increases, thereby reducing the buying power.
Nominal Wage Rates
The amount of money paid to an employee by an employer in current prices, without adjusting for inflation.
Real Wages
Wages or salaries adjusted for inflation, reflecting the true purchasing power of income.
Potential Output
The economy’s maximum sustainable output, given the supply of resources, technology, and rules of the game; the output level when there are no surprises about the price level.
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