How do interest rates affect the GDP 2024?
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This means that real money demand exceeds real money supply and the current interest rate is lower than the equilibrium rate. ... Thus, an increase in real GDP (i.e., economic growth) will cause an increase in average interest rates in an economy.
2023-05-16 11:14:56
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Dominic Young
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This means that real money demand exceeds real money supply and the current interest rate is lower than the equilibrium rate. ... Thus, an increase in real GDP (i.e., economic growth) will cause an increase in average interest rates in an economy.