A bond with default risk will always have a ________ risk premium and an increase in its default risk will ________ the risk premium

Figure 9.1 shows three aggregate demand curves. A movement from point b to point a could be caused by a(n)

A) increase in government spending. B) decrease in the money supply. C) increase in taxes. D) increase in the price level.

The demand curve shown in the figure above is ________ over the price range from $95 to $105 per tri

A) perfectly elastic B) perfectly inelastic C) unit elastic D) elastic but not perfectly elastic E) inelastic but not perfectly inelastic