Multiple Choice
How does the supply of loanable funds curve slope?
A) upward because an increase in the interest rate induces people to save more
B) downward because an increase in the interest rate induces people to save less
C) downward because an increase in the interest rate induces people to invest less
D) upward because an increase in the interest rate induces people to invest more
Correct Answer:
Verified
Correct Answer:
Verified
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