A decrease in the budget deficit will

a.raise the interest rate and decrease the quantity of loanable funds.

b.lower the interest rate and decrease the quantity of loanable funds.

c.raise the interest rate and increase the quantity of loanable funds.

d.lower the interest rate and increase the quantity of loanable funds.

Which of the following is least likely to promote long-run economic growth?

a.The government imposes stricter qualifications on obtaining a copyright.

b.Government funding for education and research are increased.

c.Fees associated with obtaining a trademark are eliminated.

d.Extending the length of a patent from 20 years to 25 years.