A most important property resulting from the existence of a perfect loan market is that:
A) It separates the current consumption decision from the current income position by opening the possibility to save and dissave.
B) It frees the investment from the saving decision.
C) a and b only.
D) Borrowing and lending rates are equal.
E) All of the above.
Correct Answer:
Verified
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Q3: A large endowment of the current commodity
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Q8: The market-clearing interest rate is found:
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