Question: The Expectations Theory of the Term Structure cannot explain the fact that treasury yield curves are generally upward sloping, and become downward sloping only

The Expectations Theory of the Term Structure cannot explain the fact that

The Expectations Theory of the Term Structure cannot explain the fact that treasury yield curves are generally upward sloping, and become downward sloping only infrequently. How can the Liquidity Premium Theory explain this fact? Explain.

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