Econ Micro (book Only)
6th Edition
ISBN: 9781337408066
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 13, Problem 6P
A
To determine
The effect on the market interest rate when the purchase price of capital increases:
- An increase in the productivity of capital.
- A shift in preference toward present consumption and away from future consumption.
Concept Introduction:
The market of the loanable fund is similar to the market of any good the price of the loanable fund is the interest rate.
B
To determine
The effect on the market interest rate when productivity of capital increases:
Concept Introduction:
The market of the loanable fund is similar to the market of any good the price of the loanable fund is the interest rate.
C
To determine
The effect on the market interest rate when there is a shift in preference toward present consumption and away from future consumption
Concept Introduction:
The market of the loanable fund is similar to the market of any good the price of the loanable fund is the interest rate.
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