Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
psintusaichol psintusaichol
wrote...
Go to Answer
Posts: 116
Rep: 0 0
A year 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. 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

Macroeconomics


Edition: 3rd
Authors:
Read 21 times
1 Reply
Replies
Answer verified by a subject expert
uhpikapp64uhpikapp64
wrote...
#1
Posts: 132
Rep: 1 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

psintusaichol Author
wrote...

A year ago
Thanks for your help!!
veronee_madison
wrote...

Yesterday
Brilliant ツ
Fleury
wrote...

2 hours ago
This helped my grade so much Perfect
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1142 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1549
  
 380
  
 304
Your Opinion
Previous poll results: Which is the best fuel for late night cramming?