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In the United States, interest rates (even adjusted for inflation) were much higher in the late 1970s than they are now. In the context of
In the United States, interest rates (even adjusted for inflation) were much higher in the late 1970s than they are now. In the context of schooling choice, the drop in interest rates has flattened iso-wealth curves. steepened iso -wealth curves. flattened the wage -schooling curve. steepened the wage-profile
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Managerial Economics Markets and the Firm
Authors: William Boyes
2nd edition
618988629, 978-0618988624
