23 Jul WHAT EFFECT WOULD THIS HAVE IN THE MARKET FOR LOANABLE FUNDS?
B. they want to bu Show more The idea behind Says Law is that people work because: A. they like to work. B. they want to buy things. C. they want to accumulate wealth. D. work gives them social status. Per capita growth: A. occurs only when the population is growing. B. occurs only when output is growing. C. occurs when there is an increase in goods and services per person. D. always improves the distribution of income. If median income is unchanged from one year to the next then per capita income: A. is also constant. B. is increasing. C. is decreasing. D. could be increasing decreasing or constant. What effect would we expect the market for loanable funds if people increase their saving? A. Supply will shift right and demand will not change. B. Supply will shift left and demand will not change. C. Demand will shift right and supply will not change. D. Demand will shift left and supply will not change. Suppose that consumers decide to save less and spend more. What effect would this have in the market for loanable funds? A. It will increase interest rates and the quantity of funds lent will rise. B. It will decrease interest rates and the quantity of funds lent will rise. C. It will increase interest rates and the quantity of funds lent will fall. D. It will decrease interest rates and the quantity of funds lent will fall. Show less
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