In effect, people feel that driving is safer than flying and also prefer to do so because of _____

Which of the following would make the equilibrium real interest rate increase and the equilibrium quantity of funds decrease?

a. The demand for loanable funds shifts right. b. The demand for loanable funds shifts left. c. The supply of loanable funds shifts right. d. The supply of loanable funds shifts left.

According to the text, the procedure of "anchoring and adjustment:"

A. describes people who are dogmatic in their views but change when new data comes. B. often leads to biased estimates. C. usually leads to correct estimates without rational calculations. D. explains why people tend to succeed at new business ventures.