If there is no Ricardo-Barro effect, a government budget surplus
A) increases the demand for loanable funds.
B) increases the supply of loanable funds.
C) decreases the supply of loanable funds.
D) decreases the demand loanable funds.
E) has no effect on the demand for loanable funds, the supply of loanable funds, or the real interest rate.
B
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How did the international monetary system influence macroeconomic policy-making and performance during the post-World War II years during which exchange rates were fixed under the Bretton Woods agreement (1946-1973)?
What will be an ideal response?
In the classical model, the supply-determined nature of output is illustrated by a(n)
a. horizontal aggregate supply curve. b. vertical aggregate supply curve. c. upward sloping aggregate supply curve. d. downward sloping aggregate supply curve.