Unsustainable previous interest rate
Employ you knowledge about equilibrium prices to describe why the previous interest rate is no longer sustainable.
Expert
Along with an enhancement in total money demand, the previous interest rate (i0) is unsustainable since along with the new demand for money (Dm1), the quantity of money demanded will surpass the quantity of money supplied. There would be lack of funds & upward pressure onto the interest rate.
Budget Year (BY): The next state fiscal year, starting July 1 and ending June 30, for which the Governor's Budget is proposed (that is, the year following the present fiscal year).
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