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1. The following was just announced just prior to the exam starting, The US government announced that tax revenues exceeded forecasts by 50% in the

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1. The following was just announced just prior to the exam starting, "The US government announced that tax revenues exceeded forecasts by 50% in the last quarter. In both graphical form and in words, explain what the Loanable Funds model would predict about the direction of interest rates. S2 D2 IR's S1 D Qty of Loanable Funds

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