If you wanted to have a real frame, then you would index to the consumer price index or some other inflation index.

如果你想以实物框架理念来看的话，你就得将消费物价指数或者,其它通胀指数考虑在内。

耶鲁公开课 - 金融市场课程节选

If you compare that with Milwaukee, they thought only 4%, which is about the inflation rate.

如果你对比一下密尔沃基,他们认为只有4%,还包括通胀率

耶鲁公开课 - 金融市场课程节选