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.

---

Definitions:

Oceanic Plateaus

Large, flat, elevated areas of the seabed, formed by volcanic activity and often found in the deep ocean.

Mantle Plumes

Columns of hot, solid material that rise from deep within the Earth's mantle and can cause volcanic hotspots.

Seamounts

Submerged mountain ranges or isolated peaks formed by volcanic activity beneath the ocean surface, often rising several thousand feet from the seabed.

Volcanic Eruptions

The process where magma, ash, and gases are expelled from a volcano, significantly impacting the surrounding environment.