According to the graph, how do expansionary fiscal policies affect the economy? a. the government decreases spending to save more money. b. the government increases spending to raise output of goods and services and create jobs in the short term. c. the government decreases demand to reduce the growth of economic output. d. the government increases supplies to increase inflation and raise prices.

Bonds often pay a coupon twice a year. for the valuation of bonds that make semiannual payments, the number of periods doubles, whereas the amount of cash flow decreases by half. using the values of cash flows and number of periods, the valuation model is adjusted accordingly. assume that a $1,000,000 par value, semiannual coupon us treasury note with three years to maturity has a coupon rate of 3%. the yield to maturity (ytm) of the bond is 7.70%. using this information and ignoring the other costs involved, calculate the value of the treasury note: