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According to the neoclassical economists,what two things could cause an increase in interest rates?
Accounting Profits
The total revenue of a business minus explicit costs; also known as net income.
Production Costs
The total expenses incurred in the manufacturing or creation of a product or service.
Economic Profit
The difference between total revenue and total costs, including both explicit and opportunity costs, indicating true profitability.
Explicit Costs
Direct payments made to others in the course of running a business, such as wage, rent, and materials.
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