If the interest rate on the loanable funds market is above its equilibrium level,
a. the equilibrium rate will rise
b. people will want to borrow more funds than are available
c. the supply curve of loanable funds will shift to the left
d. there is an excess supply of loanable funds
e. this is an excess demand for loanable funds
D
Economics
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A) include only intermediate goods. B) are equal to each other. C) are measures of the economy's level of savings. D) are related in the sense that national income is less than national product.
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The percentage deviation of real GDP from potential GDP is called
A) nominal GDP. B) the output gap. C) the multiplier. D) Okun's law.
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