Everything Else Remaining Unchanged,what Is Likely to Happen to the Equilibrium

question 96

Multiple Choice

Everything else remaining unchanged,what is likely to happen to the equilibrium real interest rate and the equilibrium quantity of credit if the credit supply curve shifts to the left?

• A) Both the equilibrium rate of interest and quantity of credit will increase.
• B) Both the equilibrium rate of interest and quantity of credit will decrease.
• C) The equilibrium rate of interest will increase, and the equilibrium quantity of credit will decrease.
• D) The equilibrium rate of interest will decrease, and the equilibrium quantity of credit will increase.

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Definitions:

Need for Personal Power

The desire to influence or control the behavior of others, stemming from personal goals or interests.

Exploitative

Actions or practices that unfairly take advantage of others, often for personal or organizational gain.

Management Success

Often measured by an individual's ability to achieve organizational goals through effective planning, organizing, leading, and controlling resources.

Need for Affiliation

The desire to form close personal relationships and be part of a group.