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Economy / Loans / Money / Interest rate / Economic equilibrium
Date: 2015-11-19 10:19:25
Economy
Loans
Money
Interest rate
Economic equilibrium

EC721 MIDTERM EXAMINATION SOLUTIONS, FALL+10+10=25 marks) An economy has a population of poor entrepreneurs of varying ability a ∈ [0, 1] that seek to borrow in order to finance an investment project. All en

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