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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 the table represents an entire loanable funds market, then ________.

▸ the equilibrium will be at a total amount of credit at or below $150,000

▸ the equilibrium will be at a total amount of credit of $130,000

▸ it does not reach market clearing equilibrium

▸ the interest rate is zero

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 26 times

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