SOAR ExamQuestions with Correct Answers/Already Grade A+/ latest 2024/2025

The result of a government crowding out the loanable funds market is? - Answer d. Increased government borrowing reduces loanable funds, increases the real interest rate and, thus, crowds private borrowers out of the loanable funds market. A good strategy for planning a comfortable retirement is? - Answer c. Save 10 to 15 percent of your income while working to fund retirement spending. According to the paradox of thrift? - Answer d. In the short run, increased spending might benefit the economy, but in the long run, a high level of saving is necessary for a high rate of longterm economic growth and a higher standard of living for citizens. Compound interest is? - Answer d. Interest that you earn on your principal and on the interest you've already earned.