Which lag stems from the fact that it takes time for people and firms to react to a policy change, to acquire or reduce loans, and to change their level of consumption?

If a surplus of loanable funds exists in the loanable funds market, the real interest rate ________ and the quantity of saving ________

A) falls; increases B) rises; decreases C) falls; does not change D) rises; increases E) falls; decreases

Which of the following would likely be considered as a topic of microeconomics?

A) a nation's unemployment rate B) Gross Domestic Product C) the price of apples D) the effects of fiscal policy on the economy