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Refer to Figure 5.1 for the following questions.
Figure 5.1
-Refer to Figure 5.1. An increase in the supply of loanable funds could result in which of the following combinations of the real interest rate and quantity of loanable funds at a new equilibrium?
Charitable Contribution
Financial or material donations made to qualified organizations, which may be deductible from taxable income if itemizing deductions.
Adjusted Gross Income
An individual's total gross income minus specific deductions, used as the basis for calculating taxable income on federal tax returns.
Casualty Loss Deduction
A tax deduction for property losses as a result of a sudden, unexpected, or unusual event.
Federal Disaster Area
An area officially declared by the government to be in a state of emergency due to a disaster, affording affected individuals potential tax relief and other benefits.
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