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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 38
For a usury law to be effective, it must set the interest rate ceiling ____________.
A) above the equilibrium rate of interest
B) below the equilibrium rate of interest
C) at exactly the equilibrium rate of interest
A) above the equilibrium rate of interest
B) below the equilibrium rate of interest
C) at exactly the equilibrium rate of interest
Explanation
Verified
Verified
Option a) is incorrect because keeping t...
Microeconomics 9th Edition by Stephen Slavin
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