This preview shows page 1. Sign up to view the full content.
Unformatted text preview: interpretation of the text. Your understanding of the concept of Pereto-efficiency is obvious. Daniel, you hit on the same concept I did. Each participant that is affected by raising or lowering interest rates has a decision to make based on the opportunity costs. The fed anticipated one move and got another. You detailed the possible scenarios well and showed a firm understanding in my opinion....
View Full Document
This note was uploaded on 06/05/2011 for the course MICROECONO 204 taught by Professor Sydneyokolo during the Spring '11 term at Ashford University.
- Spring '11