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Higher interest rates increase the cost of borrowing and raise the reward for saving.
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| Chapter | Topics Covered | | :--- | :--- | | 1 | AD/AS Model: Aggregate Demand, SRAS, LRAS, Equilibrium, etc. | | 2 | Macroeconomic Performance: Growth, Inflation, Unemployment, etc. | | 3 | Macroeconomic Policy: Fiscal, Monetary, Supply-Side Policies |
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