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Question 4: The oil prices have recently risen to around $70/barrel, which is seen as the good news for oil exporting countries. Some economists are

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Question 4: The oil prices have recently risen to around $70/barrel, which is seen as the good news for oil exporting countries. Some economists are predicting a good economic growth in Oman for the next year due to increased government revenues and opening up of economic activities in the Sultanate due to a large-scale vaccination of Covid-19. Given these predictions, what would be the likely direction of the following during the economic growth? (1+1+1=3 Points) You need to briefly motivate your answer 1) Aggregate demand of the loanable funds 11) Aggregate supply of the loanable funds 111) Equilibrium interest rate

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