1st blank choices : less or more

2nd blank choices : greather than or less than

3rd blank choices : downward or upward

4th blank choices : decrease or increase

For each of the oiven scenarios, use the graphs to (1) show whet happens in the market for loanable funds and (2) help answer the questions thist follow. Scenario 1: Individual Retirement Accounts (IRAs) aliow people to shelter some of their income from taxation. Suppose the maximum annual contribution to such accounts is $5,000 per person. Now suppose there is a decrease in the maximum contribution, from $5,000 to $3,000 per year: This change causes savers to sunply_ Toanable funds. Because the quartity of Ioanable funds suppled is now the quantety of loanable funds demanded, there is pressure on interest rates. This change in interect, rated causes a (n) in the quantity of loanable funds demanded