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If people expect the economy to go into a strong expansion in the next couple of years, they are likely to expect a _____ interest

If people expect the economy to go into a strong expansion in the next couple of years, they are likely to expect a _____ interest rate in the future, which will lead to an _____ yield curve.

Question 2 options:

higher, upward-sloping

higher, downward-sloping

lower, downward-sloping

lower, upward-sloping

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