More detail explaination for this question Given the data in the accompanying table, would you say that this economy is heading for a boom or for a recession?

This economy is heading for a $($Click to select$)\backslash (\backslash$vee $\backslash ).$

Explain your choice.

The term spread is negative and widening, indicating that interest rates are expected to continue to rise in the future, and larger risk premiums are being required on corporate bonds.

The term spread is negative and narrowing, indicating that interest rates are expected to continue to rise in the future, and smaller risk premiums are being required on corporate bonds.

The term spread is positive and widening, indicating that interest rates are expected to continue to rise in the future, and smaller risk premiums are being required on corporate bonds.

The term spread is positive and widening, indicating that interest rates are expected to fall in the future, and smaller risk premiums are being required on corporate bonds.