Question: ( 2 ) Long - term rates reflect the average expected inflation rate over the next 2 0 to 3 0 years and this expectation

(2) Long-term rates reflect the average expected inflation rate over the next 20 to 30 years and this expectation doesn't change much due to the level of current inflation. So, short-term rates are -Select-lessmoreItem 19 volatile than long-term rates.

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