What is the equilibrium real interest rate

Reference no: EM133339928

You're given the following two equations representing the market for loanable funds:

QL = 17.3 + 2.4r

QL = 74.3 - 2.9r

Question: What is the equilibrium real interest rate? Please round to 1 decimal place and do not include a percentage sign (%) in your answer.

Reference no: EM133339928

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