Question: Interest RateQuantity DemandedQuantity Supplied 1 5 $ 2 2 0 $ 4 4 5 1 3 2 7 0 4 2 0 1 1 3

Interest RateQuantity DemandedQuantity Supplied

15

220

4451327042011320395937037074203455470320

The schedule shows various interest rates, the associated quantity demanded of loanable funds, and the quantity supplied of loanable funds in billions of dollars at those interest rates. What is the equilibrium interest rate?

Multiple Choice

9

percent

13

percent

7

percent

11

percent

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