According to the expectations theory, how is the long-term interest rate determined? Why is the geometric average

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According to the expectations theory, how is the long-term interest rate determined? Why is the geometric average used instead of the simpler arithmetic average?

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Financial System Of The Economy Principles Of Money And Banking

ISBN: 9780765622464

5th Edition

Authors: Maureen Burton,Bruce Brown

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Question Posted: Nov 27, 2023 07:02 AM

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According to the expectations theory, how is the long-term interest rate determined? Why is the geometric average

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Financial System Of The Economy Principles Of Money And Banking

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