one-hour econs crash-course by zhonghan:
"when real interest rates rise, firms and individuals profit from the high interest rates by providing loans. with this increased 'revenue', consumption and investment can increase resulting in a rise in aggregate demand and hence, sustained increase in price levels which leads to additional inflation."
best. if i fail my econs test...!
sometimes we say we'd prefer to have a severe heart attack and recover from it, rather than suffer long drawn-out agony. yet perhaps in our naivety, we forget that heart attacks can sometimes be fatal.
sometimes, too, the path ahead is clear. it's whether or not we're willing to accept the solution, however painful, and move on.
i'm not sure what i can do for you guys...but i honestly treasure your friendships and i promise to try my best at being a true friend.
Friday, May 8, 2009
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