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The article is an economics one that was published on the American Economic Review Journal. The journal article discusses the eight reasons the distinction between real versus nominal interest rates are the most important concepts of macroeconomics principles. By suggesting that they are the most important, the author insinuates that they are very critical when it comes to evaluating the macroeconomic conditions that are present within a given economy. The question has in the past brought huge debates among economists on the best principles that should be assessed to investigate the well-being and growth of a given economy. The author bases his findings on over twenty years of reading macroeconomic tools and studying different economies across the world. The information used by the author is credible since most of the interest rates that are used are provided by the Central Banks of different countries that were part of the study.

(748 words)