When total lending increases in the economy, how does this affect the demand for liquidity (i.e. for liquid assets such as money)?

Question 16 options:

	A. The demand for liquidity increases.
	B. The demand for liquidity decreases.
	C. There is no implication for liquidity.

Question 17

Based on the posted table of yields on U.S. Treasury debt that matures in 1 to 30 years, the average increase in yield in the 5-6 weeks from March 14 to April 22 is closest to ______ basis points.

Question 17 options:

	A. 50
	B. 60
	C. 70
	D. 80
	E. 90
	F. 100

Question 18

Based on current yields on U.S. Treasury debt that matures in 5 to 30 years (the April 22 posted table) and the most recent calculation of the GDP deflator (as posted), real interest rates are currently closest to:

Question 18 options:

	A. -3.0%
	B. -2.5%
	C. -2%
	D. -1.5%
	E. -1%
	F. -0.5%
	G. 0%