Table 23.3.5 -Refer to Table 23.3.5. the Table Shows an Economy's Demand

question 22

Multiple Choice

Table 23.3.5

-Refer to Table 23.3.5. The table shows an economy's demand for loanable funds schedule and supply of loanable funds schedule when the government's budget is balanced. If the government budget surplus is $2.0 trillion, the real interest rate is ________ percent a year, the quantity of investment is ________ trillion, and the quantity of private saving is ________ trillion.

• A)10; $5.5; $7.5
• B)10; $7.5; $5.5
• C)8; $6.5; $6.5
• D)6; $7.5; $7.5
• E)6; $7.5; $5.5

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Definitions:

Groupthink

A behavior pattern observed in groups in which the need for unity or agreement leads to unwise or flawed decisions.

Deindividuation

A psychological state of decreased self-evaluation and decreased evaluation apprehension causing anti-normative and disinhibited behavior.

Self-restraint

The ability to control one's emotions, desires, or actions through one's own will.

Cognitive Dissonance

The uneasiness experienced due to harboring more than one contradictory belief, idea, or value in tandem.