The above table has the private demand for loanable funds and the private supply of loanable funds schedules. If the government budget surplus is $200 billion, and there is no Ricardo-Barro effect, the equilibrium real interest rate is ________ and the equilibrium quantity of loanable funds is ________.

Allocative efficiency occurs when

A) we cannot produce more of any good without giving up some other good that we value more highly. B) we cannot produce more of any one good without giving up some other good. C) marginal benefit exceeds marginal cost. D) opportunity costs are decreasing.

Which of the following is NOT a likely goal of macroeconomic coordination between nations?

A) Reducing trade barriers B) Achieving a desirable level of world economic growth C) Avoiding a global economic crisis D) Correcting global economic imbalances