Question: a. When the return on short-term securities are lower than return on long-term securities of similar risk the economy is said to have normal yield

 a. When the return on short-term securities are lower than return

a. When the return on short-term securities are lower than return on long-term securities of similar risk the economy is said to have normal yield curve b. the shape of the yield curve cannot be determined the economy is said to have flat yield curve the economy is said to have inverted yield curve C. d

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