Risk premiums on corporate bonds tend to ________ during business cycle expansions and ________ during recessions, everything else held constant

A _____ requires workers to comply with orders from a boss, who need not consult them when making decisions, and to be paid for their cooperation

a. residual claimant b. hierarchy c. shareholder d. cooperative

Consumers will ________ interest-sensitive consumption spending, when interest rates are higher

Fill in the blank(s) with the appropriate word(s).