$2$

Multiple Choice

$1\mathrm{.}5$ points

What would you expect to have happened to the spread between yields on commercial paper and Treasury bills immediately after September $11,2001?$

no change, as both yields will remain the same

no change, as both yields will move in the same direction

decrease, as the spread usually decreases in response to a crisis

increase, as the spread usually increases in response to a crisis

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