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When long-term interest rates are higher than short-term rates, as they were in 2010, it:.
a. implies that inflation will fall.
b. has no implication for short-term interest rates.
c. implies that short-term interest rates are expected to rise.
d. implies that short-term interest rates are expected to fall.
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When long-term interest rates are higher than short-term rates, as they were in 2010, it:.
a. impli...
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