Problem
1. Why is the supply of loanable funds upward sloping? Why is the demand for loanable funds downward sloping?
2. Outline the main theories of profits. Which one(s) do you subscribe to?
3. Practical Application: Would you consider becoming a payday lender? List the reason why you would and why you would not.
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.