Identify and briefly explain the main effects of decreasing interest rate on the

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A: Labor force is a part of adult population which is either employed or unemployed.

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A: Given That, Wroth = $850,00 Interest = 10% Time Period = 4 Years

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A: Inflationary condition Inflation is based on related to the rise in price levels. Positive rate…

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A: P=$9,500 i=14% or 0.14 n=4 Annual amount=P(1+i)n

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A: When the market demand curve intersects the supply curve then equilibrium arises.

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Q: Identify the key concepts of Economics. Discuss the key concepts of Economics\

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A: Meaning of Inflation: The term inflation refers to the situation under which there is an excessive…

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