Use the Following to Answer Questions

question 331

Multiple Choice

Use the following to answer questions:
-(Figure: Loanable Funds Market) Use Figure: Loanable Funds Market. The equilibrium interest rate and total quantity of lending are:

• A) 8% and $2 trillion.
• B) 2% and $5 trillion.
• C) 10% and $1 trillion.
• D) 6% and $3 trillion.

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Definitions:

Confederate Ships

Naval vessels that were operated by the Confederate States during the American Civil War to fight against the Union.

Enlist

To voluntarily sign up for military service or, more broadly, to join an organization or cause.

Union Forces

The armed forces of the United States (the North) during the American Civil War.

1863

The year 1863 is notable for several historical events, including the Emancipation Proclamation in the United States, which declared the freedom of slaves in Confederate-held territory during the American Civil War.