If at an interest rate of 7 percent,planned investment is $2 trillion,government spending is $3 trillion,net taxes are $2.8 trillion,and household saving is $2.2 trillion,what is the quantity of funds demanded at an interest rate of 7 percent?
A) $1.8 trillion
B) $2.2 trillion
C) $2.8 trillion
D) $5.0 trillion
E) $5.8 trillion
Correct Answer:
Verified
Q96: The government budget deficit is
A) the difference
Q97: What is the price of funds in
Q98: In the classical model,the supply of funds
Q99: Assuming the economy was in equilibrium,use
Q100: Households make their savings available to borrowers
Q102: Q103: Suppose there are no firms,only the government Q104: In the classical model,if the amount households
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