During business cycle expansions when income and wealth are rising,the demand for bonds ________ and the demand curve shifts to the ________,everything else held constant.
A)falls;right
B)falls;left
C)rises;right
D)rises;left

Question

Quizplus · Accepted Answer

During business cycle expansions, when income and wealth are rising, people have more money to invest, which increases the demand for bonds. This increased demand shifts the demand curve to the right.

During Business Cycle Expansions When Income and Wealth Are Rising,the