Please use the graph to answer the questions.Given the market conditions, what will the prevailinginterest rate be?O 6%18%O 2%10%Given the market conditions, how much money isborrowed in the loanable funds market?O $10 billion.$50 billionO$90 billionO $70 billion$30 billion.Interest rate (%)18-16-14-12.10.8-6-+et0DemandSupply60 70 80 9010 20 30 40 50Quantity of loanable funds (in billions of dollars)

Equilibrium occurs when the demand and supply forces are equal. The market-determined equilibrium is…

lease use the graph to answer the questions. Given the market conditions, what will the prevailing interest rate be? O 6% O 18% O2% O 10% Given the market conditions, how much money is borrowed in the loanable funds market?

lease use the graph to answer the questions. Given the market conditions, what will the prevailing interest rate be? O 6% O 18% O2% O 10% Given the market conditions, how much money is borrowed in the loanable funds market?

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter9: The Basic Tools Of Finance

Section: Chapter Questions

Problem 3CQQ

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