For the Post-World War II Period

Multiple Choice

For the post-World War II period,

A) increases in short-term interest rates tend to continue for many periods.
B) increases in short-term interest rates tend to be quickly followed by decreases.
C) short-term interest rates have typically been greater than long-term interest rates.
D) short-term interest rates have fallen persistently from the very high levels that prevailed at the end of World War II.