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I need help with this microeconomics question. 3 > Q Click Submit to complete this assessment. Click Submit to complete this assessment. Question 5 JP
I need help with this microeconomics question.
Click Submit to complete this assessment. Question 5 JP Morgan Chase wants to make a loan to GM. Let e be the endowment point. Chase is at point a and GM is at point b. Is this an equilibrium? GM Question 5 of 5 2 points Save Answer o o O o b JP Morgan Yes, because points a and b are both on the price line. No, because JP Morgan wants to lend more than GM wants to borrow. No, because GM wants to borrow more than JP Morgan wants to lend. Yes, because point b is twice as far as point a is from the endowment point.
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