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Which of the following could explain a decrease in the equilibrium interest rate and in the equilibrium quantity of loanable funds?
Prestige
Prestige denotes the respect, admiration, or deference a person or group garners from others, based on accomplishments, quality, or social status.
Parties
Social gatherings or celebrations where people come together to enjoy entertainment, companionship, and often food and drink.
Individual Attributes
Qualities, traits, or characteristics that distinguish or define a person as an individual.
Poverty
A condition where individuals or communities lack the financial resources and essentials for a minimum standard of living, leading to limited access to basic needs such as food, shelter, and healthcare.
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