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The following table lists some economic agents and their intentions. At present the interest rate is ...

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The following table lists some economic agents and their intentions. At present the interest rate is ...

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

Who	Intent	Amount Needed
Mike	Save for child's college	$50,000
Sophie	Buy a car	$10,000
Pie's Pizza	Expand restaurant	$100,000
Sara	Save for retirement	$100,000

Refer to the table above. If there are no other people or companies in the market for loanable funds, which of the statements below must be TRUE?

▸ There is a shortage of savings, and for the market to clear the interest rate will increase.

▸ There is a shortage of investment, and for the market to clear the interest rate will decrease.

▸ There is a shortage of investment, and for the market to clear the interest rate will decrease.

▸ There is a shortage of savings, and for the market to clear the interest rate will decrease.

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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