Microeconomics,, 16th Canadian Edition

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Summary 359


  1. 3 The Demand for Capital 361
    The Firm’s Demand for Capital 361
    The Economy’s Demand for Investment 365

  2. 4 The Supply of Capital 365
    Households’ Supply of Saving 365
    The Economy’s Supply of Saving 367

  3. 5 Equilibrium in the Capital Market 367
    The Equilibrium Interest Rate 367
    Changes in the Market Equilibrium 368
    Long-Run Trends in the Capital Market 371
    Summary 373
    Key Concepts 374
    Study Exercises 374


Chapter 16 Market Failures and Government Intervention 377



  1. 1 Basic Functions of Government 378

  2. 2 The Case for Free Markets 379
    Automatic Coordination 380
    Innovation and Growth 381
    Decentralization of Power 382


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