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Nominal Interest Rate
The stated interest rate without adjustment for inflation, representing the actual percentage paid or earned.
Open Market Sales
Operations by a central bank to sell securities in the open market to decrease the money supply in the economy.
Equilibrium Value
A state in which market supply and demand balance each other, and, as a result, prices become stable.
Price Level
An index of the average prices of goods and services throughout an economy, often used to measure inflation.
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