7. You're given the following two equations representing the market for loanable funds:QL - 11.1 + 3.8rQL = 66.4 - 3.2r%3DWhat is the vertical-intercept value? Please round to 1 decimal place.

In the graph for the market for loanable funds, interest rate (r) is depicted on the vertical axis…

Answered: You're given the following two…

You're given the following two equations representing the market for loanable funds: QL=11.1 +3.8r QL= 66.4 - 3.2r What is the vertical-intercept value? Please round to 1 decimal place.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter8: Savings,investment And The Financial System

Section: Chapter Questions

Problem 4CQQ

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Question

You're given the following two equations representing the market for loanable funds:
QL - 11.1 + 3.8r
QL = 66.4 - 3.2r
%3D
What is the vertical-intercept value? Please round to 1 decimal place.

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