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

question 24

Multiple Choice

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

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Definitions:

Standard Deviation

is a measure of the amount of variability or spread in a set of data.

Normally Distributed

This describes a probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Average Balance

The mean value derived from summing all balances over a certain period and dividing by the number of periods.

Standard Deviation

A gauge for the level of variance or scattering of values within a dataset.