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In 2008, the Many People Became Unable to Make Payments

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In 2008, the many people became unable to make payments on their mortgages and instead defaulted on them. As a result, the _ of loanable funds curve shifts and real interest rate _ .


Definitions:

Observed Values

The actual measurements or data collected in an experiment or study.

Predicted Values

The outcomes or values estimated based on a mathematical model or prediction equation.

Y-intercept

The point on a graph where a line intersects the Y-axis, often used to represent the starting value of a relationship in linear equations.

Slope

Measures the steepness or incline of a line, calculated as the ratio of vertical change to horizontal change between any two points on the line.

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