Question
1. If firms invest out of retained profit rather than borrowed capital, will its investment decision be affected by interest rates? explain? 2. Using graphs/graph
1. If firms invest out of retained profit rather than borrowed capital, will its investment decision be affected by interest rates? explain?
2. Using graphs/graph where necessary, compare and life cycle hypothesis and the Keynes absolute income hypothesis
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
6th edition
132831007, 978-0132831000
