Examlex
Which of the following could explain an increase in the equilibrium interest rate and a decrease in the equilibrium quantity of loanable funds?
Wage Rate
The amount of compensation paid for labor services per unit of time (e.g., hour, day, or month).
Rental Rate
The price paid for the temporary use of a good, service, or property expressed typically as a daily, monthly, or yearly rate.
Minimum Cost
The lowest possible expense incurred in the production of a good or the provision of a service.
Output Levels
The quantity of goods or services produced by a firm, industry, or economy in a given period.
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