Figure 32-1 -Refer to Figure 32-1.If the Real Interest Rate Is 6

question 21

Multiple Choice

Figure 32-1
-Refer to Figure 32-1.If the real interest rate is 6 percent,the quantity of loanable funds demanded is

• A)$20 billion,and the quantity supplied is $40 billion.
• B)$20 billion,and the quantity supplied is $60 billion.
• C)$60 billion,and the quantity supplied is $20 billion.
• D)$60 billion,and the quantity supplied is $40 billion.

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Definitions:

Flowstone

Any deposit of calcium carbonate or other mineral formed by flowing water on the walls or floor of a cave.

Cone of Depression

A reduction in the water table around a well after water has been pumped out, creating a conical shape.

Overpumping

The extraction of groundwater at a rate faster than it can be replenished, leading to a depletion of water resources.

Polluted Well

A well where water is contaminated with harmful chemicals, biological agents, or other pollutants, making it unsafe for consumption.