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Ao9 Ao9
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Posts: 1908
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9 years ago
If a consumer borrows at an interest rate greater than the interest rate at which he or she can lend, then
A) the consumer must be a lender.
B) the budget constraint has a kink at the endowment point.
C) banks cannot make a profit.
D) this makes no difference for consumer behavior.
Textbook 
Macroeconomics

Macroeconomics


Edition: 5th
Author:
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GordisGordis
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Posts: 1906
9 years ago
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Ao9 Author
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9 years ago
Wow!!
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9 years ago
You're welcome Wink Face Message me if you need any more assistance with your other questions.
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