You purchase a bond with an invoice price of $1,145. The bond has a coupon rate of 10.9 percent, semiannual coupons, a $1,000 par value, and there are four months to the next coupon date. What is the clean price of the bond?

Crowding out is a phenomenon focused upon most by the macroeconomists of whereby a government deficit interest rates, which in turn private investment spending. this group also believed that fiscal policy is the only thing that can lower natural unemployment. is just as effective in countering recessions as monetary policy. can be used most of the time, but monetary policy becomes a better option when velocity is fluctuating. should be used only if the central bank follows a monetary policy rule. faces problematic lags in propagating changes throughout the economy.