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ice5192 ice5192
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Posts: 822
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6 years ago
If R < q, then
A) the marginal cost of using the credit card exceeds the marginal benefit.
B) the marginal benefit of using cash exceeds the marginal cost.
C) the real interest rate does not reach its equilibrium value.
D) the nominal interest rate is not in equilibrium.
E) the marginal benefit of using the credit card exceeds the marginal cost.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
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6 years ago
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