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Real interest Loanable Loanable rate funds funds (percent per demanded supplied year) (trillions of (trillions of 2019 dollars 2019 dollars 10 0.9 1.6 1.1 1.3

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Real interest Loanable Loanable rate funds funds (percent per demanded supplied year) (trillions of (trillions of 2019 dollars 2019 dollars 10 0.9 1.6 1.1 1.3 1.2 1.2 1.5 1.0 1.6 0.7LAS 130 SAS 120 Price level (GDP deflator, 1996-100) 110 100 90 AD 9.0 9.5 10.0 10.5 11.0 11.5 Real GDP (trillions of 1996 dollars)

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