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6 Cards in this Set
- Front
- Back
consumer price index (CPI)
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A measure of the overall cost of the goods and services bought by a typical consumer.
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indexation
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The automatic correction by law or contract of a dollar amount for the effects of inflation.
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inflation rate
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The percentage change in the price index from the preceding period.
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nominal interest rate
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The interest rate as usually reported without a correction for the effects of inflation.
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producer price index
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A measure of the cost of a basket of goods and services bought by firms.
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real interest rate
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The interest rate corrected for the effects of inflation.
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