Refer to the figure for the loanable funds market. Using that figure, briefly explain what will happen to the equilibrium interest rate and the equilibrium quantity of savings/borrowing if an improvement in healthcare services increases people's life expectancy.

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The Answer of  Refer to the figure for the loanable funds market. Using that figure, briefly explain what will happen to the equilibrium interest rate and the equilibrium quantity of savings/borrowing if an improvement in healthcare services increases people's life expectancy.

Refer to the Figure for the Loanable Funds Market