-Refer to the Table 8-3. Supposing equilibrium exists in the market for loanable funds, what is the quantity of funds supplied in this market?
A) $2.2 trillion
B) $2.5 trillion
C) $2.8 trillion
D) $3.1 trillion

Question

-Refer to the Table 8-3. Supposing equilibrium exists in the market for loanable funds, what is the quantity of funds supplied in this market?
A) $2.2 trillion 
B) $2.5 trillion 
C) $2.8 trillion 
D) $3.1 trillion

Quizplus · Accepted Answer

In equilibrium, the quantity of funds supplied equals the quantity of funds demanded. The table indicates that at equilibrium, the quantity of funds supplied is $2.5 trillion.