If Consumers Decide to Be More Frugal and Save More

question 5

Multiple Choice

If consumers decide to be more frugal and save more out of their income,then this will cause

• A)a shift in the supply curve for loanable funds to the right.
• B)a shift in the supply curve for loanable funds to the left.
• C)a movement to the right along the supply curve for loanable funds.
• D)a movement to the left along the supply curve for loanable funds.

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Definitions:

Major

Often refers to the main or predominant component, phase, or aspect in a mixture, compound, or scenario.

Reaction

A reaction is a process in which one or more substances, the reactants, are converted to one or more different substances, the products.

Complex Metal Hydrides

A class of compounds formed by the combination of a metal with hydrogen, typically used as hydrogen storage materials.

Ketones

Organic compounds characterized by the presence of a carbonyl group bonded to two carbon atoms.