Examlex
The _____ lag is typically longer for fiscal policy than monetary policy.
Inflation Rate
The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling, usually measured over a year.
Spot Rate
The current market price used for immediate delivery of a financial instrument or commodity.
Interest Rate
This is the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
Forward Rate Market
Refers to a financial market that deals with contracts specifying the rate at which currencies, securities, or commodities will be exchanged at a future date.
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