Economics, Principles and Policy: Macroeconomics
- ISBN-10
- 0155188534
- ISBN-13
- 9780155188532
- Category
- Economics
- Pages
- 482
- Language
- English
- Published
- 1988
- Publisher
- Harvest Books
- Authors
- William J. Baumol, Alan S. Blinder
Description
In consequence , equilibrium in the bond market shifts from point A to point B. The price of bonds declines from Po to P. By the same reasoning , an open - market purchase drives bond prices up А Po - 1 Price of a Bond B PA ' price ...
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