In recent decades the economy has experienced dramatic technological improvement in many types of capital equipment.All else remaining equal,this change has the effect of shifting the investment demand curve to the and causing an excess capital,and thus a in the equilibrium interest rate.

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The Answer of In recent decades the economy has experienced dramatic technological improvement in many types of capital equipment.All else remaining equal,this change has the effect of shifting the investment demand curve to the and causing an excess capital,and thus a in the equilibrium interest rate.

In Recent Decades the Economy Has Experienced Dramatic Technological Improvement