Refer to the below table and information. If technology improved and the demand for loanable funds increases by $140 billion at each interest rate, the new equilibrium interest rate will be:
The schedule shows various interest rates, the associated quantity demanded of loanable funds, and the quantity supplied of loanable funds in billions of dollars at those interest rates.
A. 2 percent
B. 4 percent
C. 8 percent
D. 10 percent
C. 8 percent
Economics
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Figure 4.2 illustrates the supply and demand for t-shirts. If the actual price of t-shirts is $15, there is an
A) excess supply of 10 t-shirts. B) excess supply of 8 t-shirts. C) excess demand of 8 t-shirts. D) excess demand of 10 t-shirts.
Economics
The funds firms use to buy and operate physical capital are referred to as
A) government capital. B) physical capital. C) business capital. D) human capital. E) financial capital.
Economics