A government policy that lets individuals put away money for retirement tax-free will
A) shift the demand curve for loanable funds rightward.
B) crowd out private investment.
C) shift the supply curve of loanable funds to the right.
D) induce people to save less at any interest rate.
C
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An economy producing at an interior point of its production possibility frontier is ___
a. efficient, the economy is producing the highest possible quantities of all the goods b. inefficient, because resources are not full employed. c. efficient, because the economy is producing goods at the lowest possible cost d. inefficient, because that combination of goods could be produced at a lower cost if more efficient technology were employed
If the demand for apples is highly elastic and the supply is highly inelastic, then a tax imposed on apples will be paid: a. largely by the sellers of apples with more elastic supply. b. largely by the buyers of apples with more elastic demand. c. equally by the sellers and buyers of apples
d. largely by the sellers of apples with less elastic supply.