An
increase in default risk on corporate bonds ________ the demand for
these bonds, but  


________
the demand for default-free
bonds, everything else held constant.

3. When the interest rate rises,_______ ( )

2. Aggregate output is related to autonomous consumer expenditure, and is related to the level of taxes. ( )

1.Keynes reasoned that consumer expenditure is most closely related to ( )

5. In Friedmanʹs modern quantity theory, velocity is procyclical because

4. Keynes hypothesized that the speculative component of money demand was primarily determined by the level of

3. The classical economists believed that if the quantity of money doubled,

2. If nominal GDP is $10 trillion, and the money supply is $2 trillion, velocity is

1.The velocity of money is

10. Under an exchange-rate targeting rule for monetary policy, a crawling peg

9. In the 1990s this agency has acted like an international lender of last resort to cope with financial instability.