If the disposable income decreases, then
A) the demand for loanable funds increases.
B) the quantity of loanable funds demanded increases.
C) the supply of loanable funds increases.
D) the quantity of loanable funds supplied decreases.
E) the supply of loanable funds decreases.
E
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The optimal bidding strategy for an oral auction is
a. To shade your bid below your true value and drop out well before it is reached b. To shade your bid below your true value and drop out just when the shaded amount is reached c. To bid drop out when the bidding exceeds your true value d. To size up your competition to determine how much to shade your bid
Many economists believe that tax cuts increase incentives to work and invest but current U.S. tax levels do not appear to be on the downward side of the Laffer curve
a. True b. False Indicate whether the statement is true or false