If the Quantity of Loanable Funds Supplied Exceeds the Quantity

question 76

Multiple Choice

If the quantity of loanable funds supplied exceeds the quantity of loanable funds demanded,

• A)there is a surplus and the interest rate is above the equilibrium level.
• B)there is a surplus and the interest rate is below the equilibrium level.
• C)there is a shortage and the interest rate is above the equilibrium level.
• D)there is a shortage and the interest rate is below the equilibrium level.

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Definitions:

Politically Insignificant

A term describing individuals, groups, or issues that have little to no influence or impact on political processes or outcomes.

African-American Slaves

Individuals of African descent who were forcibly brought to the Americas and sold into slavery, enduring forced labor and inhumane treatment until the abolition of slavery.

Lower-Class Citizens

Individuals or groups within a society that are considered to have the lowest social and economic status.

Reparation Pay

Financial compensation awarded to individuals or communities as restitution for past injustices or damages, such as slavery or war.