(04.07 MC) Use the graph to answer the question that follows…

(04.07 MC) Use the graph to answer the question that follows.Assume that the loanable funds market is in equilibrium, as shown in the graph. If households become concerned about retirement income and spend less, what will happen in this market for loanable funds?

(05.04 MC) The sum of government purchases and transfer paym…

(05.04 MC) The sum of government purchases and transfer payments for a given year is $1.2 trillion, while total government revenue was $1 trillion. If in the following year, the government spent more and took in less revenue, which of the following would be true?