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2..Contrast the yield curves data of March 1993 and March 1998. Notice that the 1998 yield curve is almost flat, it has very little slope,
2..Contrast the yield curves data of March 1993 and March 1998. Notice that the 1998 yield curve is almost flat, it has very little slope, while the 1993 yield curve has a very steep slope. What could account for this difference in slopes?
3..Contrast the yield curves data of March 2002 and December 2008. What could account for this difference? What does the March 2002 yield curve say about long-term versus short-term interest rates? What does the 2008 yield curve say about long-term versus short-term interest rates?
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