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In the late 1980s the prime interest rate increased from 10 to 15%. Is this fiscal or monetary policy? Outline the process through which interest

In the late 1980s the prime interest rate increased from 10 to 15%. Is this fiscal or monetary policy? Outline the process through which interest rate changes lead to macroeconomic changes. Use the determinants of the profit rate or the profit rate equation to predict whether business would support or oppose this policy.

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