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Econ 4th Edition by William McEachern
Edition 4ISBN: 978-1285423548Econ 4th Edition by William McEachern
Edition 4ISBN: 978-1285423548 Exercise 6
MARKET FOR LOANABLE FUNDS Using the demand-supply for loanable funds diagram, show the effect on the market interest rate of each of the following:
a. An increase in the purchase price of capital
b. An increase in the productivity of capital
c. A shift in preferences toward present consumption and away from future consumption
a. An increase in the purchase price of capital
b. An increase in the productivity of capital
c. A shift in preferences toward present consumption and away from future consumption
Explanation
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Diagram for loanable fund:
The below di...
Econ 4th Edition by William McEachern
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