Refer to the Figure Below to Answer the Following Questions

question 91

Multiple Choice

Refer to the figure below to answer the following questions.
Figure 7.2.3
-In Figure 7.2.3, when the real interest rate is 6 percent, the quantity of loanable funds demanded is

• A)$300 billion.
• B)$450 billion.
• C)$150 billion.
• D)any amount less than $450 billion.
• E)$600 billion.

---

Definitions:

Echoic Sensory Memory

A component of sensory memory that specifically holds auditory information, lasting for a few seconds after the initial stimulus.

Iconic Sensory Memory

The visual component of sensory memory, allowing the mind to retain an image of a visual stimulus for a brief period after the actual stimulus is gone.

Tactile Sensory Memory

The brief retention of sensory information related to touch, part of the sensory memory that allows for the preservation of tactile impressions for a short time after the actual stimulus has ended.

Automatic Encoding

Tendency of certain kinds of information to enter long-term memory with little or no effortful encoding.