475
unemployment rate at which price expectations
are realized. (215)
Net domestic product:
GDP less
depreciation. (11)
Net investment:
It
is the gross investment less
depreciation. (9)
Nominal GDP:
The sum of the quantities of
goods produced times their current price. (22)
Nominal incomes:
Incomes measured in terms
of current rupee values. (21)
Nominal interest rate:
The real rate of interest
plus the rate of inflation. (165)
Non-accelerating inflation rate of
unemployment (NAIRU):
The rate of
unemployment at which the current rate of
inflation will continue, neither accelerating
nor decelerating. This is the point at ...
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