Examlex
The demand curve above the equilibrium point represents ______ demands. The demand curve below the equilibrium point represents ______ demands.
Present Value
The value at present of future monetary sums or cash flow streams, determined by applying a given rate of return.
Interest
The payment made for the use of (borrowed) money.
Supply of Loanable Funds
The total amount of funds available for borrowing in the economy, determined by savings and influenced by interest rates.
Perfectly Elastic
Describes a situation in demand or supply where quantity changes by an infinite amount in response to any change in price.
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