Term
| Consumer Price Index (CPI) |
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Definition
| An example of a fixed-weight price index, it is calculated by measuring the prices of a fixed bundle of goods. |
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Definition
| Uses CURRENT YEAR production to measure the difference between current and base-year prices. |
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Definition
| Price paid per dollar borrowed per year. |
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Definition
| Nominal interest rate minus the inflation rate. |
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Term
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Definition
| The tendency for nominal interest rates to be high when inflation is high, and low when inflation is low. |
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Definition
| Measure of the overall level of prices at a particular point in time as measured by a price index such as the CPI |
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| The rate of change of the price level. |
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| The price of a specific good or service in comparison to others. |
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