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$6.$ Interest rate forecasting

Suppose you learn that in $2021$ there are plans for the federal government to institute a $$20$ per hour minimum wage across the country, and as a result, the average household income in the country will rise.

Assuming there are no other changes to $S_A$ or $D_A,$ the projected net demand for loanable funds $($ND$)$ will be $,$ placing pressure on interest rates.