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A downward sloping yield curve implies that A. long-term interest rates are higher than short-term interest rates. B. long-term interest rates are the same as
A downward sloping yield curve implies that
A. | long-term interest rates are higher than short-term interest rates. | |
B. | long-term interest rates are the same as short-term interest rates. | |
C. | intermediate term interest rates are higher than either short- or long-term interest rates. | |
D. | long-term interest rates are lower than short-term interest rates. |
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