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On the plot Interest Rates, why is there a large gap between the 30-year Treasury yield and the geometric real rate? The gap is caused

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On the plot Interest Rates, why is there a large gap between the 30-year Treasury yield and the geometric real rate? The gap is caused by the existence of the inflation premium and the maturity risk premium. Because inflation generally increases over time. Because investors prefer to lend money for longer time periods

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