Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please explain why the answer downward; downward is correct in 3 sentences. Claus is an entrepreneur who started his small business two years after graduating
Please explain why the answer "downward; downward" is correct in 3 sentences.
Claus is an entrepreneur who started his small business two years after graduating from MSU. The business has interesting growth opportunities whose feasibility depends on the cost of money. If Claus, and other entrepreneurs believe the economy will soften in the future, this will put pressure on the demand for loanable funds and pressure on interest rates. x upward; downward upward; upward downward; downward downward; upwardStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started