Jay files a bankruptcy petition under chapter 7. among his debts are unpaid taxes, fines owed to the government, student loans owed to mega university, and support owed to his ex-wife kris. most likely to be discharged are the back taxes if they accrued within the previous three years. the fines if they have been outstanding less than eight years. the student loans if their payment would impose undue hardship. the support debts.

Match each event to its effect on the equilibrium interest rate and the amount of investment in the loanable funds market. higher interest rate, greater investment higher interest rate, less investment lower interest rate, less investment lower interest rate, greater investment immediate consumer gratification is no longer preferred by people. an efficient new source of energy effectively increases the return on owning a factory. a wave of retirees stops working and begins drawing on retirement savings.