Multiple Choice
In 2002 mortgage rates fell and mortgage lending increased. Which of the following could explain both of these changes?
A) The demand for loanable funds shifted rightward.
B) The demand for loanable funds shifted leftward.
C) The supply of loanable funds shifted rightward.
D) The supply of loanable funds shifted leftward.
Correct Answer:
Verified
Correct Answer:
Verified
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