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30. The following was just announced just prior to the exam starting, Prior to coming into the exam, McDonald's, Starbucks, and Chic Fil A

30. The following was just announced just prior to the exam starting, "Prior to coming into the exam, McDonald's, Starbucks, and Chic Fil A all announced corporate layoffs of 10%. Additionally, Ford has announced layoffs totaling 7% of their global workforce, although the bulk of those layoffs will occur in the US". In graphical form, explain what the Loanable Funds model would predict about the direction of interest rates.

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