Unlike demand, the longer the time suppliers have to respond to a change in price, the less elastic is the supply curve

A decrease in the interest rate, other things constant, will: a. shift the demand for loanable funds curve to the right. b. shift the demand for loanable funds curve to the left. c. increase the quantity of loanable funds demanded. d. increase the quantity of loanable funds supplied

e. shift the supply of loanable funds curve to the right.

An increase in wages in the public sector is caused solely by increased labor productivity in that sector

a. True b. False Indicate whether the statement is true or false