A permanent increase of borrowing by the U$.$S$.$ Treasury to finance growing budget deficits would

Multiple Choice

a$.$ result in U$.$S$.$ Treasury yields being higher than high$-$grade corporate bonds.

b$.$ result in the price of U$.$S$.$ Treasury bonds rising.

c$.$ cause the yield on U$.$S$.$ Treasury bonds to increase, but still be lower than corporate bonds.

d$.$ result in lower yields on corporate bonds.