Question: A downward sloping yield curve implies that A. long-term interest rates are higher than short-term interest rates. B. long-term interest rates are the same as

A downward sloping yield curve implies that

A.

long-term interest rates are higher than short-term interest rates.

B.

long-term interest rates are the same as short-term interest rates.

C.

intermediate term interest rates are higher than either short- or long-term interest rates.

D.

long-term interest rates are lower than short-term interest rates.

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