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In the Short Run, How Is the Interest Rate Determined

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In the short run, how is the interest rate determined? If the interest rate is less than the equilibrium interest rate, what occurs?


Definitions:

Mainstream Press

Refers to traditional media outlets, such as national newspapers and television networks, that reach a large audience and are considered mainstream.

Worker Control

Refers to the degree of power and autonomy workers have in managing the operations and decision-making processes within their workplace.

Employee Representation Committee

A group formed within a workplace to represent the interests and concerns of employees to management, often in the absence of a formal union.

Labor Union

A group of employees united to safeguard and promote their rights and interests via collective negotiation.

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