The figure above shows the loanable funds market. If the real interest rate is 2 percent, then
A) there is a surplus in the loanable funds market.
B) there will be a leftward shift in the demand for loanable funds curve.
C) there will be government intervention in the market to make sure there is no credit crisis.
D) there is a shortage in the loanable funds market
E) the demand for loanable funds curve will shift rightward.
D
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Figure 9-3
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In Figure 9-3, equilibrium GDP is
A. $2,000 billion. B. $3,000 billion. C. $4,000 billion. D. $5,000 billion.
Economic resources are
A. all the unlimited items that people would purchase with limited income. B. all the items that people would purchase if they had limited wants. C. items of value that are used to make other things that satisfy people's wants. D. the total planned expenditures throughout the nation.