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zer0latency zer0latency
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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 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

Macroeconomics


Edition: 3rd
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bizmailovabizmailova
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A year ago
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zer0latency Author
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A year ago
Thank you, thank you, thank you!
nicolepope23
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Helped a lot
Jadakiss
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This site is awesome
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