The demand curve for bonds would be shifted to the left by
A) an increase in expected returns on other assets.
B) a decrease in the information costs of bonds relative to other assets.
C) a decrease in expected inflation.
D) an increase in the liquidity of bonds relative to other assets.
A
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A monopolistic firm is a:
a. price taker that faces the market supply curve. b. price taker that faces the market demand curve. c. price maker that faces the market supply curve. d. price maker that faces the market demand curve.
An efficient tax is one that raises the desired tax revenue but creates the least possible
A. total burden. B. excess burden. C. tax incidence. D. tax shifting.
The dollar price of a good relative to the average dollar price of all other goods is the good's:
A. real price. B. equilibrium price. C. market price. D. nominal price.
When a state government chooses to build more roads, the resources used are no longer available for public education programs. This dilemma illustrates the concept of:
A. Production expenses B. Unemployment issues C. Unintended consequences D. Opportunity cost