3. Fill in the blanks to make the following statements correct. a. An increase in the interest rate leads households the

[answerhappygod]

3 Fill In The Blanks To Make The Following Statements Correct A An Increase In The Interest Rate Leads Households The 1 (43.93 KiB) Viewed 22 times

3. Fill in the blanks to make the following statements correct. a. An increase in the interest rate leads households their current spending and their current saving. The result is a(n) to the quantity of financial capital supplied. b. An increase in current income leads to a(n) in in household saving at any given interest in the economy's rate. This results in a supply curve for capital. c. An increase in expected future income leads to a(n) in current household spending. The in household saving and result is a(n) therefore a(n) in the quantity of capital supplied at any given interest rate. This is represented by a in the economy's supply curve for financial capital. 4. Fill in the blanks to make the following statements correct. d. A good or service that is rivalrous and excludable (e.g., a restaurant meal or a sofa) is known as a good and is most efficiently provided by the e. A good that is rivalrous and non-excludable (e.g., fish in the ocean or common grazing land) is known as a and tends to be overused by f. Goods that are non-rivalrous and excludable (e.g., roads, museums, and parks) are often provided by government because the marginal cost of provision to society is and so the allocatively efficient price is