Outline the impacts the following market expectations have on the yield curve:

a. A flat yield curve at 8% with a market expectation of a flat yield curve at 12% one year later

b. A flat yield curve at 10% with a market expectation of a flat yield curve at 8% one year later

c. A yield curve with one-year bonds at 6% and two-year bonds at 7%, with the expectation of a flat yield curve at 8% one year later