no explanation is needed~~

Exam, Part z Time Limit: 1:00:00 Time Left:0:58:44 Casey Rosenberg: Attempt 1 X Page 1: Previous Page Next Page. Page 11 of 30 1 Question 11 (3 points) Page 2: Imagine an economy with only three people, each of whom has a different income. Suppose that income increases for the person with the highest income, while not 2 changing for the others. What can we say about what happens to median and mean income? Page 3: Both the median and the mean increase. 3 The mean increases while the median decreases. Page 4: Both the median and the mean are unchanged. 4 The mean increases while the median is unchanged. Page 5: Page 11 of 30 Previous Page Next Page Submit Quiz O of 30 questions saved MacBook AirTime Limit: 1:00:00 Page 1: Previous Page Next Page. Page 13 of 30 1 Question 13 (3 points) Page 2: Suppose that the interest rate and the equilibrium quantity of funds lent both increase. In the model of the market for loanable funds, what could explain that? 2 The supply of loanable funds shifted to the left. Page 3: The demand for loanable funds shifted to the right. 3 The demand for loanable funds shifted to the left. Page 4: The supply of loanable funds shifted to the right. 4 Page 13 of 30 Previous Page Next Page Page 5: Submit Quiz O of 30 questions saved MacBook Air A 80 a