Question: Explain clearly Suppose that the nominal interest rate is zero, that is R = 0. 1. What is the equilibrium quantity of credit card services?

Explain clearly Suppose that the nominal interest rate is zero, that

Explain clearly

Suppose that the nominal interest rate is zero, that is R = 0. 1. What is the equilibrium quantity of credit card services? 2. In what sense does the economy run efficiently with R = () than with R > 0? 3. Explain your results in part (a) and (b). Discuss the realism of these predictions

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1. What will happen in the future

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4. Achieve our positive goals (1 and 3 are motivated by avoiding the negative, while 2 and 4 are motivated by the positive). b. Initiative: When I communicate with others, I think it is very...