Which of the following is true for the pure expectations theory? (Select all that apply). It says that, if interest rates are expected to go up, the term structure should be sloped downward in order to compensate investors for future expected A. losses. It does not account for risk. B. It is mostly effective at explaining the direction of interest rate movements over the long term. C. U D. It says that the term structure is sloped in the direction investors think short-term interest rates are going to go