The figure above shows the loanable funds market. At an interest rate of
A) 4 percent, the quantity supplied of loanable funds equals $18 trillion.
B) 8 percent, the quantity demanded of loanable funds exceeds the quantity supplied.
C) 6 percent, the quantity demanded of loanable funds equals $14 trillion.
D) 8 percent, there is a surplus of loanable funds.
E) 4 percent, there is a surplus of loanable funds.
D
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Refer to the information above. The price of U.S. goods measured in pounds is
A) .8. B) 1.0. C) 1.6. D) 2. E) none of the above
The study of microeconomics and macroeconomics differ in that:
a. microeconomics is concerned with the domestic economy and macroeconomics is concerned only with the international economy. b. microeconomics examines the individual markets of the economy while macroeconomics studies the whole economy. c. microeconomics studies the actions of households and macroeconomics studies the actions of business firms. d. microeconomics examines the whole economy while macroeconomics studies the individual units of the economy.