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Which statement best describes the effects of an increase in the real interest rate?
Post-Fordism
An economic and social system that emerged in the late 20th century, characterized by more flexible production methods, workforce strategies, and a shift from mass production to customized goods.
Diffusion Of Capitalism
Refers to the spread of capitalist structures and market-oriented economic systems across different countries and regions over time.
Proletariat
The class of wage-earners in a capitalist society whose only significant material value is their labour-power.
Communist Manifesto
A political document written by Karl Marx and Friedrich Engels that outlines the principles of communism and calls for the proletariat's uprising.
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