1) Using the more complicated 2-axis, supply and demand framework for bonds presented in class (bond prices on the left y-axis, and INVERTED interest rates on the right y-axis), illustrate an initial equilibrium and then show which curve will likely shift (or curves shift) (if any) in response to the following changes in market conditions. In each case, state what happens to the bond price and what happens to the interest rate (up, down, or unchanged) (20 points). Use separate diagrams for (a) and for (b). a) There is a typical business cycle expansion in the U.S. economy. b) There is a rise in expected inflation