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State the market for overnight loans
Overnight interest rates are rates for loans over a single night - these are the shortest of all interest rates. During the day, banks normally have access to interest free loans from the central bank. At the end of the day, all such loans must be cleared with the central bank. For this reason, there is a market for loans overnight between banks and the overnight interest rate is determined by supply and demand in this market.
Explain the adjustment to the new equilibrium price from an increase in demand.
What is the size of the labor force if the unemployment rate is 6%, the population is 300 million, and the number unemployed is 6 million
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