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Briefly explain or draw and label the elastic -rebound earthquake cycle.
Loanable Funds
The market where savers supply funds for loans to borrowers, often illustrated by the supply and demand for loans.
Interest Rate
The chunk of a loan taken as interest by the borrower, typically outlined as an annual percentage of the loan's outstanding balance.
Surplus
A situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price, often leading to downward pressure on prices.
Loanable Funds
Loanable funds refer to the money available for borrowing in the financial markets, composed of savings from households and businesses plus any government surplus.
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