Examlex
"A change in aggregate supply implies a change in Potential GDP and a change in Potential GDP implies a change in aggregate supply." Evaluate this statement.
Interest Rate
The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan balance.
Non-interest Bearing
A financial term indicating a debt or deposit that does not accrue interest over time, identical in concept to its prior mention but explained with different wording.
Compounded Monthly
A method of calculating interest where the interest earned each month is added to the principal, compounding the amount on which future interest is calculated.
Compounded Semi-annually
The process of adding interest to the principal sum of a loan or deposit on a twice-yearly basis, resulting in interest on interest.
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