-In the Figure Above, the Rightward Shift from the Demand

question 31

Multiple Choice

-In the figure above, the rightward shift from the demand for loanable funds curve DLF₁ to the demand for loanable funds curve DLF₂, could be the result of

• A) a rise in the interest rate.
• B) a fall in the interest rate.
• C) a decrease in expected profit.
• D) an increase in expected profit.
• E) an increase in wealth.

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Definitions:

Poverty Threshold

The lowest amount of money required to maintain a sufficient quality of life in a specific nation.

General Level

Often refers to the overall scope or extent of something, such as a general level of understanding or activity, but in an economic context, it might not have a specific definition.

Real National Income

A measure of the total income of a country adjusted for price changes over time, indicating the real purchasing power of income.

Lorenz Curve

A graphical representation of the distribution of wealth or income within a society, depicting inequality.