Use the following to answer questions:
-(Figure: Loanable Funds Market) Use Figure: Loanable Funds Market. If the interest rate is 8%, people will want to save approximately:

Question

Use the following to answer questions: 
-(Figure: Loanable Funds Market) Use Figure: Loanable Funds Market. If the interest rate is 8%, people will want to save approximately:

Quizplus · Accepted Answer

At an interest rate of 8%, the savings curve in a typical loanable funds market graph intersects at a point that represents $4 trillion in savings, indicating that people will want to save approximately $4 trillion.

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