If there is a shortage of loanable funds, then
a. the quantity of loanable funds demanded is greater than the quantity of loanable funds supplied and the interest rate is above equilibrium.
b. the quantity of loanable funds demanded is greater than the quantity of loanable funds supplied and the interest rate is below equilibrium.
c. the quantity of loanable funds supplied is greater than the quantity of loanable funds demanded and the interest rate is above equilibrium.
d. the quantity of loanable funds supplied is greater than the quantity of loanable funds demanded and the interest rate is below equilibrium.
B
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A) increases leisure. B) decreases leisure. C) has an ambiguous effect on leisure. D) has no effect on leisure.
The only lasting solution to the welfare problem will have to come from welfare reform alone
Indicate whether the statement is true or false