Question: PLEASE EXPLAIN ANSWER AND SHOW WORK SO I MAY UNDERSTAND. NO HANDWRITING PLEASE. I WILL GIVE THUMBS UP. THANK YOU. In a recession, when income

PLEASE EXPLAIN ANSWER AND SHOW WORK SO I MAY UNDERSTAND. NO HANDWRITING PLEASE. I WILL GIVE THUMBS UP. THANK YOU.

In a recession, when income and wealth are falling, the demand for bonds --------- and the demand curve shifts to the ---------.

  1. Falls, right

  2. Falls, left

  3. Rises, left

  4. Rises, right

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