Question
When the real interest rate is high low , there are lower incentives to borrow and more incentives to lend.Part 2 Indexed bond Discount bond
When the real interest rate is
high
low
,
there are
lower
incentives to borrow and
more
incentives to lend.Part 2
Indexed bond
Discount bond
Coupon bond
Consol
is a bond where the principal and interest payments are adjusted for changes in the price level over time.
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Microeconomics
Authors: David Laibson, John List
Global Edition 1st Edition
1292079576, 978-1292079578
