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The implied assumption, as always, is – "all other things remaining unchanged". Interest rates represent cost of borrowing money. If you lower the cost of anything, there will be more demand generally. {It is true I can eat only so much bread, even at 10 cents a loaf, but demand for money is much more elastic}
The implied assumption, as always, is – "all other things remaining unchanged". Interest rates represent cost of borrowing money. If you lower the cost of anything, there will be more demand generally. {It is true I can eat only so much bread, even at 10 cents a loaf, but demand for money is much more elastic}
The implied assumption, as always, is – "all other things remaining unchanged". Interest rates represent cost of borrowing money. If you lower the cost of anything, there will be more demand generally. {It is true I can eat only so much bread, even at 10 cents a loaf, but demand for money is much more elastic}
The implied assumption, as always, is – "all other things remaining unchanged". Interest rates represent cost of borrowing money. If you lower the cost of anything, there will be more demand generally. {It is true I can eat only so much bread, even at 10 cents a loaf, but demand for money is much more elastic}