Lower interest rates reduce the cost of borrowing to buy inputs. If no other factors change, smart ...

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Lower interest rates reduce the cost of borrowing to buy inputs. If no other factors change, smart ...

Lower interest rates reduce the cost of borrowing to buy inputs. If no other factors change, smart businesses increase their supply of outputs when interest rates are low.

True or False?

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Microeconomics for Life: Smart Choices for You

Edition: 2^nd

Author: Cohen

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