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a Compelete the following statement using one word in the parenthese. Write down your choice of words to fill the blanks and briefly EXPLAIN you
a Compelete the following statement using one word in the parenthese. Write down your choice of words to fill the blanks and briefly EXPLAIN you answer. If interest rates are expected to fall, long-term interest rates will tend to be__(higher/lower) than short-term rates to attract borrowers. In these cases, the yield curve shape will be_(normal/steep/smooth/inverted). Such a yield curve shape tend to be associated with _(boom/recession) in the economy
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