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A Shift to the Left of the Demand for Loanable

question 204

Multiple Choice

A shift to the left of the demand for loanable funds could be caused by:


Definitions:

Discrimination

Unfair or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex, in various settings including employment, housing, and access to services.

Labor Supplied

The total hours that workers are willing and able to work at a given wage rate in a certain period of time.

Job Experience

Refers to the skills and knowledge a person gains while working in a specific job or occupation over a period of time.

Average Wages

A measure of the average income earned by workers, calculated by dividing the total wage bill by the number of employees.

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