The graph above shows a hypothetical loanable funds market. Currently the market is in equilibrium and the equilibrium real interest rate is [Fill in the blank], percent. There is no government borrowing so that total borrowing by the private sector (firms and households) and total lending by the private sector both equals [Fill in the blank], million dollars. The government comes to the loanable funds market and borrows $50 million by selling bonds in order to finance an infrastructure project. This causes the real rate to change to [Fill in the blank], percent. Now, the private sector lending equals [Fill in the blank], million dollars and the private sector borrowing equals [Fill in the blank], million dollars, so that [Fill in the blank], million dollars of private sector borrowing is crowded out.   Multiple fill-in-the-blank

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