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Consider the Fischer Effect as represented by the Fischer Equation:
1 + RNOMINAL = (1 + RREAL)(1 + Inflation)
RNOMINAL = (1 + RREAL)(1 + Inflation) - 1
And sometimes it is simplified to:
RNOMINAL = (RREAL) + (Inflation)
What difference does this simplification make, and is it significant?
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Other problems with Brad include not preparing call reports on time, failing to show up at trade shows, and not attending sales training programs.
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