An increase in the real interest rate results in a

A) rightward shift in the supply of loanable funds curve.
B) leftward shift in the supply of loanable funds curve.
C) movement along the supply of loanable funds curve.
D) none of the above.

C

Economics

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In the figure above, if the market is at equilibrium, then the total consumer surplus equals the area ________ and the total producer surplus equals the area ________

A) A; B B) B; C C) C; B D) A; C E) A + B; C

Economics

Reasons for greater income inequality in less-developed countries than in developed economies are all the following except

a. marginal revenue product of labor is low b. marginal revenue product of capital c. low levels of education are attained d. the economy is in the early stages of transforming from predominantly agricultural to industrial production e. societal preference for income inequality

Economics