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When examining the effects of interest rates on borrowing decisions, we distinguish between the ...
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When examining the effects of interest rates on borrowing decisions, we distinguish between the ...
When examining the effects of interest rates on borrowing decisions, we distinguish between the short-term and the long-term. How long is the long-term in this context?
▸ 1 year or more
▸ Anything longer than an overnight (24-hour) loan
▸ 10 years or more
▸ 100 years or more
Textbook
Macroeconomics
Edition:
3
rd
Authors:
Acemoglu, Laibson, List
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Just got PERFECT on my quiz
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You make an excellent tutor!
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