Higher Expected Interest Rates in the Future ________ the Demand

question 2

Multiple Choice

Higher expected interest rates in the future ________ the demand for long-term bonds and shift the demand curve to the ________.

• A) increase; left
• B) increase; right
• C) decrease; left
• D) decrease; right

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Definitions:

Asiatic Sumac

A type of shrub or small tree belonging to the genus Rhus, known for its colorful foliage and sometimes used for dye, tanning, or medicinal purposes.

Lacquer

A varnish-like substance made from the sap of the Asiatic sumac tree, used to decorate wood and other organic materials. Often colored with mineral pigments, lacquer cures to great hardness and has a lustrous surface.

Compositional Device

Techniques or strategies used by an artist to organize or structure the elements within an artwork, guiding the viewer's focus and shaping the overall effect or message.

Cave 172

A specific cave among the Dunhuang Caves located in China, famous for its rich collection of Buddhist mural paintings and scriptures spanning thousands of years.