Which of the following statements accurately describe the relationship between aggregate demand, interest rates, and bond prices? Select all that apply.

Aggregate demand refers to the total amount of goods and services that people want to buy in an economy at a given time. When aggregate demand increases, it often leads to higher interest rates because businesses and consumers want to borrow more money to invest and spend. Higher interest rates can make borrowing more expensive, which can decrease demand for bonds since investors may prefer to hold cash or invest in other opportunities that offer better returns. Conversely, when interest rates fall, bond prices usually rise because existing bonds with higher interest rates become more attractive to investors. For example, if the economy is booming and aggregate demand is high, interest rates might rise, causing bond prices to drop as new bonds are issued at these higher rates.