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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:
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higher, upward-sloping
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higher, downward-sloping
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lower, downward-sloping
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lower, upward-sloping
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