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When yield curves are steeply upward - sloping, medium - term interest rates are below both short - term and long - term interest rates.
When yield curves are steeply upwardsloping,
mediumterm interest rates are below both shortterm and longterm interest rates.
mediumterm interest rates are above both shortterm and longterm interest rates.
shortterm interest rates are about the same as longterm interest rates.
longterm interest rates are above shortterm interest rates.
shortterm interest rates are above longterm interest rates.
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