If people worry about the United States defaulting on the national debt, what would you expect to happen to interest rates on U.S. Treasury securities? Why?

Macroeconomics: Principles and Policy (MindTap Course List)
13th Edition
ISBN:9781305280601
Author:William J. Baumol, Alan S. Blinder
Publisher:William J. Baumol, Alan S. Blinder
Chapter13: Monetary Policy: Conventional And Unconventional
Section: Chapter Questions
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If people worry about the United States defaulting on the national debt, what would you expect to happen to interest rates on U.S. Treasury securities? Why?

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