If People Expect Nominal Interest Rates to Be Higher in the Future

question 1

Multiple Choice

If people expect nominal interest rates to be higher in the future, the expected return on bonds ________, and the demand for money ________.

• A) rises; increases
• B) rises; decreases
• C) falls; increases
• D) falls; decreases

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Definitions:

Pro Se Representation

The act of representing oneself in a court proceeding without the assistance of a lawyer.

Procedural Rules

Are the guidelines and regulations that dictate how the legal process and judicial proceedings should be carried out.

Motion to Dismiss

A pleading in which a defendant asserts that the plaintiff’s claim fails to state a cause of action (that is, has no basis in law) or that there are other grounds on which a suit should be dismissed.

Voir Dire

A French phrase meaning, literally, “to see, to speak” that refers to the jury-selection process. In voir dire, the attorneys question prospective jurors to determine whether they are biased or have any connection with a party to the action or with a prospective witness.