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The Fed has cut its Federal Funds interest rate by 50 basis point in reaction to recessionary fears. This action has what effect upon the

The Fed has cut its Federal Funds interest rate by 50 basis point in reaction to recessionary fears. This action has what effect upon the yield curve? a. A bull flattener b. A bull steepener c. No effect d. A Bear Flattener e. A Bear steepener

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