The supply of loanable funds is an upward-sloping curve because the:


A. Higher the interest rate, the more households consume, and the more households save

B. Higher the interest rate, the less households consume, and the more households save

C. Lower the interest rate, the more households consume, and the more households save

D. Lower the interest rate, the less households consume, and the more households save


B. Higher the interest rate, the less households consume, and the more households save

Economics

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Answer the following statement true (T) or false (F)

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A. the value of services is hard to determine. B. shortages occur. C. goods have different prices. D. resources are scarce.

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