LM Song By Irene and Shiela
(Melody taken from "Deck of Halls")
click
the iconand
singalong(left click open in the new window)
| 5 4
3 2 |
1 2
3 1
|
2 3 4
2 3 2 |
1
7 1 |
| L M
curve shows |
e - qui - li –
bri - |
um r
and Y in |
mon - ey
market |
| 5
4 3
2 |
1 2
3 1 |
2 3
4 2 3
2 |
1
7 1 |
| Du - ring
li - qui - |
di - ty
trap |
rate of in - te - rest
will |
be ri -
gid |
| 2
3 4
2 |
3 4
5 2 |
3 4 5
6 7 i |
7
6 5 |
| Low in -
terest rate |
peo - ple ex -
pect |
bond price will
fall |
in fu -
ture |
| 5 4
3 2 |
1 2
3 1 |
6 6
6 6 5
4 |
3
2 1 |
| To a - void
cap - |
i - tal
lo - ss |
they won't buy the bond but |
hold the
cash |
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