Chapter 29. Chapter 29 (Chapter 9 Macro)

Step 1

Work It Out
Chapter 29 (Chapter 9 Macro)
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You must read each slide, and complete any questions on the slide, in sequence.

Question

What happens to the interest rate in the market for loanable funds if the media convinces the public that the world will end in the next year?

The plot shows the savings/borrowing in billions of dollars versus the interest rate. The demand curve is a decreasing straight-line curve. The supply curve is an increasing straight-line curve. The demand and supply curves intersect in point a. There are a horizontal dashed line connecting point a with the vertical axis, and a vertical dashed line connecting point a with the horizontal axis.
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Question

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Question

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Step 2

Question

What happens to the interest rate in the market for loanable funds if a pharmaceutical breakthrough increases life expectancy to 100 years?

The plot shows the savings/borrowing in billions of dollars versus the interest rate. The demand curve is a decreasing straight-line curve. The supply curve is an increasing straight-line curve. The demand and supply curves intersect in point a. There are a horizontal dashed line connecting point a with the vertical axis, and a vertical dashed line connecting point a with the horizontal axis.
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Question

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Question

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Step 3

Question

What happens to the interest rate in the market for loanable funds if geologists discovered vast new oil deposits under the South Pole, which would require extremely large up-front capital expenses to unearth?

The plot shows the savings/borrowing in billions of dollars versus the interest rate. The demand curve is a decreasing straight-line curve. The supply curve is an increasing straight-line curve. The demand and supply curves intersect in point a. There are a horizontal dashed line connecting point a with the vertical axis, and a vertical dashed line connecting point a with the horizontal axis.
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Question

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Question

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Step 4

Question

What happens to the interest rate in the market for loanable funds if there is a business downturn and general pessimism about the future?

The plot shows the savings/borrowing in billions of dollars versus the interest rate. The demand curve is a decreasing straight-line curve. The supply curve is an increasing straight-line curve. The demand and supply curves intersect in point a. There are a horizontal dashed line connecting point a with the vertical axis, and a vertical dashed line connecting point a with the horizontal axis.
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Question

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Question

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