The schedule shows various interest rates, the associated quantity demanded of loanable funds, and the quantity supplied of loanable funds in billions of dollars at those interest rates. If technology improved and the demand for loanable funds increased by $140 billion at each interest rate, the new equilibrium interest rate would be
A) 2 percent.
B) 4 percent.
C) 8 percent.
D) 10 percent.
Correct Answer:
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Q162: Q163: An increase in the demand for loanable Q164: Which of the following statements about interest Q165: Q166: The supply of loanable funds is an Q168: Which of the following would cause an Q169: Suppose many businesses want to increase their Q170: A decrease in the supply of loanable Q171: Q172: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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