The graphs below show an economy of two people with identical incomes in two years, and they have different preference patterns as shown. If the credit market is permitted, e.g., borrowing and lending occur, is the current market for loanable funds in equilibrium? S Next Yr. S Next Yr. M2 M2 MI S Now MI S Now a) The loanable fund market is in equilibrium. b) The loanable fund market is not in equilibrium c) The loanable fund market is not in equilibrium for Person 2. d) The loanable fund market is in equilibrium for Person 1