Use the blue points (circle symbol) and the preceding table to plot the relationship between bond prices and interest rates on the following graph. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. Interest Rate (Percent) 40 36 32 28 24 20 16 12 8 4 0 500 600 700 800 900 1000 Price of Bond (Dollars) 1200 1100 1300 Relationship The line showing the relationship between bond prices and interest rates has a relationship between bond prices and interest rates. slope; in other words, there is

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If a consumer's Engle curve for a certain product is downward sloping then (a) the product must be a normal good. (b) the product must be an inferior good. (c) the product must be a bad. (d) the product must be a neuter. +

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Accordingtothetextbook,whichofthefollowingstatementsis(are)correct? (x)  When a taxpayer attempts to legally reduce her tax liability, she is engaging in “tax evasion” and when an individual fraudulently avoids paying taxing, she is engaging in “tax avoidance”. (y)  One tax system is considered more efficient than another if it raises the same amount of tax revenue at a lower cost to taxpayers. (z)  Part of the administrative burden of a tax is associated with the headache of filling out tax forms imposed on taxpayers who comply with the tax. (x), (y) and (z) (x) and (y) only (x) and (z) only (y) and (z) only (x) only