If the Real Interest Rate Is Less Than the Equilibrium

question 93

Multiple Choice

If the real interest rate is less than the equilibrium real interest rate, there is a _{--------------------}of loanable funds and _{--------------------}.

• A)shortage; borrowers have an easy time finding the funds they want
• B)surplus; some borrowers cannot find the funds they want
• C)surplus; borrowers have an easy time finding the funds they want
• D)shortage; savers increase their saving supply to restore the equilibrium
• E)shortage; some borrowers cannot find the funds they want

Distinguish between the information contained in a payroll register and an employee’s earnings record.

Understand how to calculate total FICA taxes for an employer based on social security and Medicare tax rates.

Determine the correct journal entry for the payment of net pay from the payroll register.

Identify and understand different payroll records and their purposes, such as payroll register and employee's earnings record.