The table below is broken down by Month, Real Interest Rate (%), Loanable of $), Exogenous Change, Equilibria (increases, decreases, or no change. Use the data table to determine the equilibrium real interest rate after certain factors change: Equilibria (increases, decreases, or no change) Month Real Interest Loanable Funds Exogenous Rate (%) (trillions of $) Change no change no change January 3% April 3% 4 increased fund supply 2 decreased fund ? July 4% supply December 3% 3 increased fund ? demand
The table below is broken down by Month, Real Interest Rate (%), Loanable of $), Exogenous Change, Equilibria (increases, decreases, or no change. Use the data table to determine the equilibrium real interest rate after certain factors change: Equilibria (increases, decreases, or no change) Month Real Interest Loanable Funds Exogenous Rate (%) (trillions of $) Change no change no change January 3% April 3% 4 increased fund supply 2 decreased fund ? July 4% supply December 3% 3 increased fund ? demand
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Step 2
Determine the equilibrium real interest rate.
The table below is broken down by Month, Real Interest Rate (%), Loanable Funds (trillions
of $), Exogenous Change, Equilibria (increases, decreases, or no change. Use the data table
to determine the equilibrium real interest rate after certain factors change:
Equilibria (increases,
decreases, or no change)
Month
Real Interest
Loanable Funds
Exogenous
Rate (%)
(trillions of $)
Change
3
no change
no change
January
3%
April
3%
4
increased fund
?
supply
decreased fund
July
4%
supply
December 3%
3
increased fund
?
demand
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