The Schedule Shows Various Interest Rates, the Associated Quantity Demanded

question 12

Multiple Choice

The schedule shows various interest rates, the associated quantity demanded of loanable funds, and the quantity supplied of loanable funds in billions of dollars at those interest rates. What is the equilibrium interest rate?

• A)4 percent
• B)6 percent
• C)8 percent
• D)10 percent

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Definitions:

Scanner Object

A Scanner Object in Java is used to parse primitive types and strings using regular expressions from an input source such as a file or standard input.

Console.nextInt

A method used in Java to read an integer input from the console.

Expression

A combination of variables, operators, and values that yields a result after computation.

||

A logical operator in programming that represents OR; used to combine two conditions, returning true if at least one of them holds true.