The Table Below Shows Data for the U

question 149

Multiple Choice

The table below shows data for the U.S. Between 2007 and 2008 the real interest rate _ and caused a the demand for loana funds curve.

• A) increased; movement up along.
• B) decreased; leftward shift.
• C) decreased; movement down along.
• D) increased; rightward shift.

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Definitions:

Upward-Sloping

Characteristic of a curve on a graph that demonstrates an increase in one variable as another variable increases, often seen in supply curves.

Demand Curve

A graph showing the relationship between the price of a good or service and the quantity demanded for a given period, typically demonstrating an inverse relationship.

Substitutes

Goods or services that can be used in place of each other, where an increase in the price of one may lead to an increase in demand for the other.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at different prices.