If saving supply decreases, the equilibrium real interest rate ...

[EAugust]

If saving supply decreases, the equilibrium real interest rate ________ and the equilibrium quantity of investment ________.
 
  A) rises; decreases
  B) falls; decreases
  C) falls; increases
  D) rises; increases
  E) does not change; does not change

Question 2

You spend 20 on a lottery ticket instead of buying groceries. The 20 spent on the lottery ticket represents an ________ and the forgone groceries represent an ________.
 
  A) explicit cost; explicit cost
  B) implicit cost; explicit cost
  C) explicit cost; implicit cost
  D) implicit cost; implicit cost

[lindahyatt42]

Answer to Question 1

A

Answer to Question 2

C

[EAugust]

Thanks for the timely response, appreciate it

[kishoreddi]

YES! Correct, THANKS for helping me on my review