Expiain what these terms mean in Fisher's theory of interest rates: a. marginal rate of time preference
Question:
Expiain what these terms mean in Fisher's theory of interest rates:
a. marginal rate of time preference
b. marginal productivity of capital
c. equilibrium interest rate
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In Fishers theory of interest rates these terms play a crucial role in explaining how the interest rate is determined a Marginal Rate of Time Preferen...View the full answer
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Related Book For 
Foundations Of Financial Markets And Institutions
ISBN: 9780136135319
4th Edition
Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones
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