1) The interest rate falls when either the demand for bonds ________ or the supply of bonds________.
A) increases; increases
B) increases; decreases
C) decreases; decreases
D) decreases; increases
2) When the government has a surplus, as occurred in the late 1990s, the ________ curve of bonds shifts to the ________, everything else held constant.
A) supply; right
B) supply; left
C) demand; right
D) demand; left
3) A decrease in the brokerage commissions in the housing market from 6% to 5% of the sales price will shift the ________ curve for bonds to the ________, everything else held constant.
A) demand; right
B) demand; left
C) supply; right
D) supply; left