Suppose that Powell decides to quit as the Fed chairman. When he does Trump successfully installs a new chairman who is substantially more dovish than Powell. Which of the following statements would describe the US in such a situation? (Circle ALL statements that apply).

a. The yield curve would steepen.

b. The price of the 10 year Treasury bond would fall.

c. The price of a 1 month Treasury would fall.

d. The unemployment rate would increase after the new chairman takes office.