Suppose the personal saving rate decreases in 2022. Based on the supply and demand for loanable funds, what would you expect to happen to the supply of funds and to interest rates?

1. The supply of funds will decrease interest rates will increase

The supply of funds will increase, interest rates will decrease

The supply of funds will increase, interest rates will increase

The supply of funds will decrease, interest rates will decrease

The supply of funds will decrease, interest rates will decrease