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Question
The figure above shows the loanable funds market. At an interest rate ofA) 4 percent, there is a surplus of loanable funds.
B) 4 percent, there is a shortage of loanable funds.
C) 8 percent, the quantity of loanable funds supplied is $14 trillion.
D) 8 percent, the quantity demanded of loanable funds is $18 trillion.
E) 6 percent, savers will exit the market because the reward to saving is too low.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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Scarcity results from the fact that
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B) not all goals are desirable.
C) we cannot answer the major economic questions.
D) choices made in self-interest are not always in the social interest.
E) the population keeps growing.
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