If individuals become more impatient,what will happen in the market for loanable funds?

Question

Quizplus · Accepted Answer

When individuals become more impatient, they will want to spend their money rather than save it. This will lead to a decrease in the supply of loanable funds, as people will be less willing to lend out their money. As a result, interest rates will rise, making borrowing more expensive and saving more profitable. This will lead to a decrease in the quantity of saving and borrowing, as fewer people will be willing to borrow at the higher interest rates.

If Individuals Become More Impatient,what Will Happen in the Market