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Business, 16.11.2019 00:31 kelchalyssa

In january, the interest rate is 5 percent and firms borrow $50 billion per month for investment projects. in february, the federal government doubles its monthly borrowing from $25 billion to $50 billion. that drives the interest rate up to 7 percent. as a result, firms cut back their borrowing to only $30 billion per month. which of the following is true?

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