In the figure above, the SLF curve is the supply of loanable funds curve and the PSLF curve is the private supply of loanable funds curve. The equilibrium interest rate is ________ percent and the equilibrium quantity of loanable funds is ________
A) 6; $1.6 trillion
B) 4; $1.8 trillion
C) 4; $1.4 trillion
D) 6; $2.0 trillion
E) 4; $2.0 trillion
B
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Which of the following did not contributed to the overall decline in death rates in the United States since 1981?
A) the availability of new prescription drugs B) the decline in the population C) new surgical techniques D) a decline in smoking
Which of the following would most likely induce the Federal Reserve to conduct expansionary monetary policy? A significant decrease in
A) business taxes. B) income tax rates. C) oil prices. D) investment spending.
For the study of economic growth, it is most helpful to examine movements in ________; for the study of business cycles, it is most helpful to examine movements in ________
A) trend GNP; trend GNP B) trend GNP; deviations from trend in GNP C) deviations from trend in GNP; trend GNP D) deviations from trend in GNP; deviations from trend in GNP
Developing countries would benefit the most from a given increase in their education budgets if they spent more:
A. on primary and secondary education. B. in a way that promotes credentialism. C. on higher education. D. evenly across all types of education.