Refer to the Following Graph to Answer the Questions That

question 74

Multiple Choice

Refer to the following graph to answer the questions that follow.

-In the figure,at an interest rate of 4%,the:

• A) quantity demanded of loanable funds equals the quantity supplied of loanable funds, and equilibrium is reached.
• B) quantity demanded of loanable funds is greater than the quantity supplied of loanable funds, and there is a surplus of loanable funds.
• C) demand for loanable funds is greater than the supply of loanable funds, and there is a shortage of loanable funds.
• D) quantity demanded of loanable funds is greater than the quantity supplied of loanable funds, and there is a shortage of loanable funds.
• E) quantity demanded of loanable funds is less than the quantity supplied of loanable funds, and there is a shortage of loanable funds.

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Definitions:

Mean

The average of a set of numerical values, calculated by summing them together and then dividing by the number of observations.

Standard Normal

A normal distribution with a mean of 0 and a standard deviation of 1.

Random Variable

A random variable represents numerical outcomes of random phenomena or experiments, varying in value based on the outcomes of the process.

Standard Normal Distribution

A probability distribution that has a mean of 0 and a standard deviation of 1, representing a bell-shaped curve.