1-The US economy is going through a boom and experiences an increase in GDP. How will this impact the equilibrium interest rate?

a-Equilibrium interest rate will increase

b-Equilibrium interest rate will decrease

c-Equilibrium interest rate will stay the same

d-Equilibrium interest rate will shift

2-The Federal Reserve Bank adopts expansionary monetary policy. How will this impact the equilibrium interest rate?

a-Equilibrium interest rate will increase

b-Equilibrium interest rate will decrease

c-Equilibrium interest rate will stay the same

d-Equilibrium interest rate will shift

3-"A bond with a $1,000 pay value, 10 years to maturity, and a zero-coupon, i.e. no coupon payment, is selling for $466.51. What is the bond's duration?"

a-10 years

b-8 years

c-5 years

d-20 years