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Curtis supervises a large number of clerical employees.Several of his female subordinates have had babies this year.Curtis has taken this into account when conducting the performance appraisals of these subordinates,because he knows that new mothers are frequently sleep-deprived and that this can negatively affect their accuracy and performance levels.Curtis raises these employees' evaluations higher than what they would have objectively been otherwise.Curtis has committed the error of
Real Rate
The interest rate that has been adjusted for inflation, reflecting the real cost of borrowing or the real yield on an investment.
Inflationary Premium
A component of the money interest rate that reflects compensation to the lender for the expected decrease, due to inflation, in the purchasing power of the principal and interest during the course of the loan. It is determined by the expected rate of future inflation.
Consume Goods
The act of using up goods and services for personal needs or consumption.
Save Money
The practice of reducing expenditures or setting aside funds to increase financial security or for future use.
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