Which of the following is true if there is a surplus of loanable funds?
What will be an ideal response?
The quantity of loanable funds supplied is greater than the quantity of loanable funds demanded and the interest rate is above equilibrium.
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In 2008 the fall in the value of the stock market decreased people's wealth. As a result of this change alone, the supply of loanable funds
A) did not change, and there was a downward movement along the supply of loanable funds curve. B) did not change, and there was an upward movement along the supply of loanable funds curve. C) decreased. D) did not change, and there was no movement along the supply of loanable funds curve. E) increased.
The poverty line was originally determined by taking the cost of a minimal food budget for a family and multiplying by 2
Indicate whether the statement is true or false