The interest rate is the price paid for use

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Reference no: EM13897126

1. ?The interest rate is the price paid for use of a:

?Financial asset.

?Financial liability.

?Real liability.

?Real asset.

2. ?If income increases more rapidly than expected, then:

?The budget is less likely to be in surplus.

?Spending on income-support programs will likely be lower than expected.

?Tax revenues will be lower than expected.

?Estimates of the target rate of employment are likely to increase.

Reference no: EM13897126

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