1. What was the major event in the global and U.S. loanable funds market in 2009? How did this event affect the global supply and demand for loanable funds?
2. If governments in other countries lowered their budget deficits but the U.S. government did not lower its deficit, what would happen to the supply and demand for loanable funds in the United States, and the amount that the United States borrowed from the rest of the world?