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The Schedule Shows Various Interest Rates, the Associated Quantity Demanded

Question 149

Multiple Choice

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. 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.

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