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Loanable Funds
The money available for borrowing, which is determined by the savings rate, income levels, and policies affecting interest rates.
Interest Rates
The cost of borrowing money, expressed as a percentage, which lenders charge borrowers for using their money for a period of time.
Price Ceiling
A government-imposed limit on how high a price is charged for a product, meant to protect consumers from conditions that could make commodities prohibitively expensive.
Shortage
A market condition where the demand for a product exceeds its supply at a particular price.
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