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When the Interest Rate Is Above the Equilibrium Interest Rate,there

question 161

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When the interest rate is above the equilibrium interest rate,there is an excess ________ money and the interest rate will ________.


Definitions:

Fire Protection

A range of measures and services designed to minimize the impact of fire on people, property, and the environment.

Private Good

A good that is both excludable and rival in consumption.

Ice-Cream Cone

A sweet frozen dessert made from dairy and sugar, often served in a cone-shaped pastry or wafer.

Artificially Scarce Good

A good that is excludable but nonrival in consumption.

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