Please draw what the market for loanable funds and labour market diagrams will look like using the descriptions below. The market of loanable funds can be represented by a simple supply and demand diagram, where the supply of loanable funds represents savings, and the demand for loanable funds represents investment. The real interest rate is determined at the intersection of the supply and demand curves. The labour market can be represented by a simple supply and demand diagram, where the supply of labour represents the number of workers available for employment, and the demand for labour represents the number of jobs available. The real wage rate is determined at the intersection of the supply and demand curves.
Please draw what the market for loanable funds and labour market diagrams will look like using the descriptions below.
The market of loanable funds can be represented by a simple
The labour market can be represented by a simple supply and demand diagram, where the supply of labour represents the number of workers available for employment, and the demand for labour represents the number of jobs available. The real wage rate is determined at the intersection of the supply and demand curves.
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