But a series of financial crises made it clear in credit market non-price terms of contract can also play an important role to the equilibrium of credit market as well as interest rate.
但是,一系列的金融危机使人们逐渐认识到,信贷市场上发挥作用的不仅仅是利率,非价格机制也会对信贷市场的均衡起重要作用。
According to the tenet of traditional economics, interest rate can adjust automatically the credit market to equilibrium on the premise of perfect information and zero transaction costs.
传统经济理论认为,在完全信息和零交易费用的前提下,利率的变动会自动调整信贷资金的供给和需求使市场自动处于均衡状态。
There is no reason to presume that the equilibrium interest rate consistent with full employment is necessarily in the upper right quadrant of the Cartesian plane.
没有理由假设,与完全就业一致的均衡利率,必须处于笛卡尔坐标平面的第一象限内。
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