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What is the role of oxygen in respiration?
Unanticipated Inflation
Inflation that occurs when the actual rate is not what was expected, causing uncertainty and potential issues for businesses and consumers.
Nominal Interest Rate
The rate of interest charged on loans or paid on savings before adjusting for inflation, reflecting the face value rate.
Real Interest Rate
The interest rate adjusted for inflation, representing the true cost of borrowing or the true return on savings.
Anticipated Inflation
The rate of inflation that consumers and firms expect in the future, often based on past inflation rates and current economic conditions.
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