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Consider the flow of investment and saving in a small economy.Suppose the equilibrium interest rate is 2.5% and the equilibrium level of saving and investment is $4 billion.Now suppose,all else remaining equal,that there is sustained population growth over several years.What will be the effect in the capital market?
Federal Legislation
Laws enacted by the national government of a country, applicable throughout the country and superseding state laws in areas of federal authority.
Authority
The legal or formal right to make decisions, to give orders, and to control resources and people.
Dormant Commerce Clause
A restriction on states’ authority that is implied in the commerce clause of the U.S. Constitution: The power given to Congress to enact legislation that affects interstate commerce in effect prohibits a state from passing legislation that improperly burdens interstate commerce.
Discriminated
Treated unjustly or unfairly based on particular characteristics, such as race, age, or gender.
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