The price of a bond is inversely related to its return, or interest rate. Using the market

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The price of a bond is inversely related to its return, or interest rate. Using the market for money model, explain why, all other things held constant, an increase in real GDP causes a fall in bond prices.
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Macroeconomics

ISBN: 9780132109994

1st Edition

Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty

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