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Everything else held constant,when households save less,wealth and the demand for bonds ________ and the bond demand curve shifts ________.
Regulatory Agency
A government body responsible for creating and enforcing rules to govern a specific industry or sector.
Social Welfare
Policies and programs designed to improve the well-being of individuals and communities, addressing needs such as health, education, and employment.
Natural Monopoly
A market condition where a single firm can provide a product or service at a lower cost than any potential competitor, often due to high fixed or start-up costs.
Average Cost Curve
A graphical representation showing the cost per unit of output at different levels of production.
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