c. The equilibrium interest rate is determined where the interest rate is equal to O the amount of loanable funds. O the expected rate of return. the expected rate of spending. expected personal income.
c. The equilibrium interest rate is determined where the interest rate is equal to O the amount of loanable funds. O the expected rate of return. the expected rate of spending. expected personal income.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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C wrong

Transcribed Image Text:The equilibrium interest rate is determined where the interest rate is equal to:
- the amount of loanable funds.
- the expected rate of return.
- **the expected rate of spending.** (Selected option)
- expected personal income.
There are no graphs or diagrams accompanying this text.
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