The Following Table Lists Some Economic Agents and Their Intentions

question 47

Multiple Choice

The following table lists some economic agents and their intentions. At present the interest rate is 5 percent.

-Refer to the table above.What further information would help construct the supply curve in the credit market in this case?

• A) The interest rate will increase to 6 percent.
• B) As the interest rate decreases to 3 percent, Pie's Pizza and Sophie decide to take out loans of $110,000 and $12,000, respectively.
• C) As the interest rate increases to 6 percent, Pie's Pizza and Sophie decide to take out loans of $110,000 and $12,000 respectively.
• D) As the interest rate increases to 6 percent, Mike and Sara decide to save $55,000 and $130,000, respectively.

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Definitions:

Allostasis

The process by which the body responds to stressors and seeks to return to homeostasis, or stability, through physiological and behavioral changes.

Low Blood Pressure

A condition where the blood pressure in the arteries is abnormally low, possibly leading to symptoms like dizziness or fainting.

Division Of Labor

The allocation of different tasks to different people or groups, typically to improve efficiency and productivity in a workplace or society.

Professional Specialties

Distinct areas within a profession that focus on specific expertise, knowledge, and skills tailored to particular aspects of the profession, often recognized by professional societies or accreditation bodies.