Refer to the diagram. If line (c) represents the distribution of income in 1975 in the United States, we would expect the distribution of income for 2011 to be more like:

What is a corporate bond and what does it specify?

What will be an ideal response?

If the interest rate on a bond is above the equilibrium interest rate, there is an excess ________ for bonds and the bond price will ________

A) demand; rise B) demand; fall C) supply; rise D) supply; fall