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According to the expectation theory of the yield curve, relatively high long-term yields mean (a) that current short term yields are perceived to be above

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According to the expectation theory of the yield curve, relatively high long-term yields mean (a) that current short term yields are perceived to be above a "normal" level. (b) that future short term yields are expected to decrease. (c) that current long term yields are perceived to be above a "normal" level. (d) that future short term yields are expected to increase

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