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Why does a downward-sloping Phillips curve imply a positive sacrifice ratio?
Series EE Bonds
Savings bonds issued by the U.S. government that pay interest until they reach maturity at 30 years.
Series E Bonds
Government bonds issued at a discount and meant for investors as a savings product, no longer available for purchase.
Maturity Date
The specified date on which the final payment of a loan or financial instrument is due to be paid in full.
Cash Method
An accounting method where revenues and expenses are recognized at the time cash is received or paid out.
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