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Imagine people become less patient.Show the effect of this in the market for loanable funds.Show the effect of this on the steady-state levels of output
Imagine people become less patient.Show the effect of this in the market for loanable funds.Show the effect of this on the steady-state levels of output and capital.Show the effect of this on AS/AD in the long run.
Say what happens to the real rate, nominal rate, and inflation rate as a result of this.Assume that other exogenous variables do not change.
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These questions are based on Macroeconomics.
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