Figure 16.3 -Refer to Figure 16.3.If the Current Real Interest Rate Is

question 36

Multiple Choice

Figure 16.3
-Refer to Figure 16.3.If the current real interest rate is 5 per cent,which of the following is true?

• A) The loanable funds market is in equilibrium.
• B) There is a surplus of loanable funds in the market.
• C) There is a shortage of loanable funds in the market.
• D) The quantity of loanable funds being demanded in the market is less than $90 million.

---

Definitions:

Resolving Conflict

The process of identifying and addressing differences that could lead to disagreements in a constructive and positive manner.

Face Saving

Actions taken to preserve one's own or another's reputation or dignity in a social context.

Wage Concession

An agreement where workers agree to lower their wages or benefits to help the employer reduce costs, often to avoid layoffs.

Union Representative

A designated individual who represents and defends the interests of union members within an organization.