Fred is considering expanding his dress shop. Which of the following will happen if interest rates rise? Select one: O He is less likely to expand. This illustrates why the demand for loanable funds slopes downward. O He is less likely to expand. This illustrates why the supply of loanable funds slopes downward. O He is more likely to expand. This illustrates why the demand for loanable funds slopes upward. O He is more likely to expand. This illustrates why the supply of loanable funds slopes upward