: Decide if you wish to work on the assignment

1. a)

1. b)Explain the real rate and nominal rate of interest? Which is more relevant?

2.

1. b) Why might people who lived through the Great Depression have a different propensity to save than people who only remember the recent economic expansion?

3.

D = 12 300 − 240P

where P is the price of a van. Supply by domestic van producers is:

S = 6700 + 60P.

4.

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