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Question
In the figure above, the DLF curve is the demand for loanable funds curve and the PDLF curve is the private demand for loanable funds curve. If there is no Ricardo-Barro effect, the figure shows the situation in which the government has a ________ so that the equilibrium real interest rate is ________ and the equilibrium quantity of investment is ________.A) budget surplus; 4 percent; $1 trillion
B) budget deficit; 4 percent; $1 trillion
C) budget deficit; 6 percent; $1.5 trillion
D) budget surplus; 6 percent; $1.5 trillion
E) balanced budget; 6 percent; $1.5 trillion
Answer
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Related questions
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B) not all goals are desirable.
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E) the population keeps growing.
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