If the Real Interest Rate Were Above the Equilibrium Rate

question 113

True/False

If the real interest rate were above the equilibrium rate, there would be a shortage of loanable funds.

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Definitions:

Closed Shop

A labor arrangement whereby all employees must be members of a specific union before being hired, typically agreed upon through union and employer negotiations.

Taft-Hartley Act

A United States federal law that restricts the activities and power of labor unions.

Outlawed

Describes something that has been prohibited or made illegal by law or regulatory authority.

Norris-LaGuardia Act

A 1932 United States federal law that limited the power of federal courts to issue injunctions in nonviolent labor disputes, thereby protecting the right of workers to organize and strike.