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If the nominal interest rate is less than the equilibrium nominal interest rate determined in the money market then, in the short run, households and firms
Not-for-Profit Organisations
Organizations that operate to serve a public or social benefit, rather than to make profit for owners or shareholders.
Administrators
Managers who work in public or not‐for‐profit organisations.
Emerging Technologies
New and innovative technologies that have the potential to significantly impact existing markets and societal norms.
Globalisation
The method through which companies or various organizations gain international influence or begin functioning globally.
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