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deodeo deodeo
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A month ago
The following table lists some economic agents and their intentions. At present the interest rate is 5 percent.

WhoIntentAmount Needed
Mike Save for child's college$50,000
SophieBuy a car$10,000
Pie's PizzaExpand restaurant$100,000
SaraSave for retirement$100,000

Refer to the table above. What further information would help construct the supply curve in the credit market in this case?

▸ As the interest rate decreases to 3 percent, Pie's Pizza and Sophie decide to take out loans of $110,000 and $12,000, respectively.

▸ The interest rate will increase to 6 percent.

▸ As the interest rate increases to 6 percent, Pie's Pizza and Sophie decide to take out loans of $110,000 and $12,000 respectively.

▸ As the interest rate increases to 6 percent, Mike and Sara decide to save $55,000 and $130,000, respectively.
Textbook 

Macroeconomics


Edition: 3rd
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tulipfiascotulipfiasco
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A month ago
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More solutions for this book are available here
As the interest rate increases to 6 percent, Mike and Sara decide to save $55,000 and $130,000, respectively.

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deodeo Author
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A month ago
Thanks
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Thanks
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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