If There Is a Surplus of Loanable Funds, the Quantity

question 24

Multiple Choice

If there is a surplus of loanable funds, the quantity demanded is

• A)greater than the quantity supplied and the interest rate will rise.
• B)greater than the quantity supplied and the interest rate will fall.
• C)less than the quantity supplied and the interest rate will rise.
• D)less than the quantity supplied and the interest rate will fall.

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Definitions:

Value-Free Sociology

A principle stating that sociology should strive to be objective, unbiased, and non-judgmental in its research and findings, separating personal values from scientific analysis.

Objective

Something that one's efforts or actions are intended to attain or accomplish; purpose or goal.

Social Interactionist

focuses on understanding society through the study of how individuals interact and interpret their social world.

Applied Sociological Thinking

The use of sociological theories and methods to solve real-world problems and make informed decisions in everyday life.