Solved

The Following Table Lists Some Economic Agents and Their Intentions

Question 98

Multiple Choice

The following table lists some economic agents and their intentions. At present the interest rate is 5 percent.
The following table lists some economic agents and their intentions. At present the interest rate is 5 percent.    -Refer to the table above.What further information would help construct the supply curve in the credit market in this case? A)  The interest rate will increase to 6 percent. B)  As the interest rate decreases to 3 percent, Pie's Pizza and Sophie decide to take out loans of $110,000 and $12,000, respectively. C)  As the interest rate increases to 6 percent, Pie's Pizza and Sophie decide to take out loans of $110,000 and $12,000 respectively. D)  As the interest rate increases to 6 percent, Mike and Sara decide to save $55,000 and $130,000, respectively.
-Refer to the table above.What further information would help construct the supply curve in the credit market in this case?


A) The interest rate will increase to 6 percent.
B) As the interest rate decreases to 3 percent, Pie's Pizza and Sophie decide to take out loans of $110,000 and $12,000, respectively.
C) As the interest rate increases to 6 percent, Pie's Pizza and Sophie decide to take out loans of $110,000 and $12,000 respectively.
D) As the interest rate increases to 6 percent, Mike and Sara decide to save $55,000 and $130,000, respectively.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents