Question

In the last few years the average age of workers in the economy has risen so...

In the last few years the average age of workers in the economy has risen so that a very large proportion of workers are now reaching mid career and peak income. Other things the same, this means that

1)

supply of loanable funds shifted right.

2)

supply of loanable funds shifted left.

3)

demand for loanable funds shifted right.

4)

demand for loanable funds shifted left.
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Answer #1

The demand for loanable funds would shift to the right.Because more people are in their peak income age, they will demand more loans to pay for cars, house, child's education etc.This will increase the demand for loanable funds.

Answer-3

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