For a usury law to be effective, it must set the interest rate ceiling ________. a) above

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For a usury law to be effective, it must set the interest rate ceiling ________.

a) above the equilibrium rate of interest

b) below the equilibrium rate of interest

c) at exactly the equilibrium rate of interest.

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Mar 01, 2024 11:00 PM

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For a usury law to be effective, it must set the interest rate ceiling ________. a) above

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Microeconomics

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