Examlex
__________ refers to the process of selecting among a set of possible alternatives.
Equilibrium Quantity
The amount of products or services that are available and sought after at the market's balance price.
Interest Rate
The percent of principal charged by the lender for the use of its money or the rate earned on deposits.
Loanable Funds
The funds available for borrowing in the financial markets, derived from the savings of individuals and institutions.
Price Floor
A price floor set by a government or an organization, establishing the minimum price that can be charged for a good, service, or resource.
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