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  • Higher expected interest rates in the future ________ the demand for long-term bonds and shift the demand curve to the ________. #161
  • Lower expected interest rates in the future ________ the demand for long-term bonds and shift the demand curve to the ________. #162
  • The supply curve for bonds has the usual upward slope, indicating that as the price ________, ceteris paribus, the ________ increases. #163
  • When the price of a bond is above the equilibrium price, there is excess ________ in the bond market and the price will ________. #164
  • When the price of a bond is below the equilibrium price, there is excess ________ in the bond market and the price will ________. #165
  • The risk structure of interest rates is #166
  • Which of the following long-term bonds should have the lowest interest rate? #167
  • Typically, increasing interest rates #168
  • Which of the following long-term bonds should have the highest interest rate? #169
  • Bonds with relatively low risk of default are called #170
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