An Increase in the Government Budget Surplus Will Shift the ________

question 12

Multiple Choice

An increase in the government budget surplus will shift the ________ curve for loanable funds to the ________ and the equilibrium real interest rate will ________.

• A)supply; right; fall
• B)supply; left; rise
• C)demand; right; rise
• D)demand; left; fall

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Definitions:

Constitutional Basis

The underlying principles and established precedents that form the foundation for a country’s constitution and legal system.

Right to Privacy

The right to be free from intrusion or interference by others in one's personal affairs.

Supreme Court

The highest judicial court in a country or jurisdiction, which has the ultimate authority to adjudicate in appeals on the interpretation of laws.

Establishment Clause

A part of the First Amendment to the U.S. Constitution that prohibits the government from establishing an official religion or unduly favoring one religion over others.