Given the information in Figure 1, and assuming an interest rate of 15 percent: (a) Will the
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(a) Will the economy be at equilibrium?
(b) Will savings equal investment?
(c) What will happen, according to the classical economists?
Transcribed Image Text:
Savings 15 10 Investment Quantity Interest rate (%)
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a No b No c The interest rate will ...View the full answer
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