In the Loanable Funds Approach to Interest Rate Determination,if the Business

question 15

Multiple Choice

In the loanable funds approach to interest rate determination,if the business sector _____ its demand for funds,then the demand curve would shift to the _____:

• A) increase; to the left
• B) increase; to the right
• C) decrease; to the right
• D) decrease; up

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Definitions:

Plaintiff

The party who initiates a lawsuit seeking legal remedy from another party, the defendant, for some injury or damage.

Damages

A financial recompense given by a court to an individual who has endured damages or injury because of another's illegal action or carelessness.

Defendant

An individual, company, or institution sued or accused in a court of law.

Strict Liability

A legal doctrine holding an individual or entity liable for damages or injury caused by their actions, irrespective of fault or negligence.