Multiple Choice
Steven Landsburg has suggested that Scrooge, a character invented by Charles Dickens, was not really so bad. What could Landsburg be suggesting would happen in the market for loanable funds if all the misers of the world sold their assets and gave the money to the poor?
A) Supply would shift left, causing investment to fall.
B) Supply would shift right, causing interest rates to rise.
C) Demand would shift left, causing investment to fall.
D) Demand would shift right, causing interest rates to rise.
Correct Answer:
Verified
Correct Answer:
Verified
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