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What is meant by base-rate neglect?
Deadweight Loss
The fall in total surplus that results from a market distortion, such as a tax.
Money-Supply Growth Rate
The rate at which the amount of money available in an economy grows, impacting inflation and economic activity.
Hyperinflations
denotes extremely high and typically accelerating inflation rates, often resulting in the rapid erosion of the real value of the local currency.
Real Cost of Borrowing
The total expense of taking out a loan, including interest payments and any additional fees, adjusted for inflation.
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