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13. Which of the following is LEAST true about the yield curve? a. The yield curve is typically upward sloping because debt issued for a longer term carries greater risk, in terms of both interest rate risk and default risk b. An inverted yield curve occurs when long-term yields are lower than short-term yields, this is a rare occurrence and usually reflects a poor economic outlook for the future c. The yield curve is the visual representation of the term structure, it plots the yields of similar maturity bonds against their varying term premium d. An inverted yield curve tells us that the economy is riskier in the short term than the long term, historically, an inverted yield curve has reliably predicted an economic recession within the next 12-18 months e. A normal yield curve (upward sloping) occurs when rates for longer maturities are higher than those for shorter maturities, which means that the term premium is positive