Problem
Some people have proposed an increase in retirement age for Americans. Consider the effects of this proposed new policy
a. Show how the change would affect supply and demand in the market for loanable funds.
b. How would this change affect the equilibrium interest rate and investment?
c. Over time, how would this change affect real GDP in the United States?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.