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Assume that the current yield curve is upward sloping of normal This implies that: a) the economy is at the trough of a business cycle.
Assume that the current yield curve is upward sloping of normal This implies that: a) the economy is at the trough of a business cycle. b) short-term interest rates are lower than the long-term interest rates. c) short-term interest rates are more volatile than long-term rates. d) long-term bonds are less attractive to investors than short-term bonds. e) inflation is expected to subside in the future
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