If an individual invests in a bond with a shorter duration and number of years to maturity than his or her intended holding period, the investor is most concerned with ______.

The interest rate that is adjusted for actual changes in the price level is called the ______.

The distinction between real and nominal interest rates is important because the ______interest rate, which reflects the real cost of borrowing, is likely to be a better indicator of the incentives to borrow and lend.