If there is a surplus of loanable funds, then
a. the quantity of loanable funds demanded is greater than the quantity of loanable funds supplied and the interest rate is above equilibrium.
b. the quantity of loanable funds demanded is greater than the quantity of loanable funds supplied and the interest rate is below equilibrium.
c. the quantity of loanable funds supplied is greater than the quantity of loanable funds demanded and the interest rate is above equilibrium.
d. the quantity of loanable funds supplied is greater than the quantity of loanable funds demanded and the interest rate is below equilibrium.
c
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Refer to the accompanying figure. Let ?X denote the price elasticity of demand at point X. Which of the following describes the relationship between ?A, ?B and ?C?
A. ?A> ?B> ?C B. ?B> ?C> ?A C. ?A> ?C> ?B D. ?C> ?B> ?A
In Figure 20.2, the increase in Real GDP might reflect 
A. increased consumer confidence. B. a weaker currency. C. increased current government spending. D. increased worker productivity.
Projections of the trajectory of inflation adjusted health spending made in 2016 had
A. it remaining relatively constant. B. it acting like a sine wave. C. it falling. D. it growing.
During World War I (1914–18), the government supported the cause of labor when it
(a) reduced the work day to eight hours in all government jobs. (b) reduced the work day to eight hours in all private sector jobs. (c) enforced the eight-hour work day in all government jobs. (d) enforced the eight-hour work day in all private jobs.