The table above gives the demand for loanable funds and private supply of loanable funds schedules
a. What is the equilibrium real interest rate and quantity of loanable funds?
b. Suppose that the government has a budget surplus of $2.5 billion. If there is no Ricardo-Barro effect, what is the equilibrium real interest rate and quantity of loanable funds?
a. The equilibrium real interest rate is 8 percent and the quantity of loanable funds is $11.0 billion.
b. Add $2.5 billion to each quantity of the supply of loanable funds schedule. The equilibrium real interest rate becomes 6 percent and the equilibrium quantity of loanable funds increases to $12.5 billion.
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A. both NAFTA and GATT. B. neither NAFTA nor GATT. C. NAFTA, but not GATT. D. GATT, but not NAFTA.
Which of the following will not shift the demand curve for grapefruit to the right?
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The above (incomplete) table provides information about the relationships between output and various cost measures. The total cost (TC) of producing 9 units of output is
A) $180. B) $190. C) $20. D) None of the above answers is correct.