$\text { 38. Which of the following statements is true? }$

Multiple Choice

$\text { 38. Which of the following statements is true? }$

A) The prices of debt securities fall during recessions.
B) Interest rates on neither the short-term securities nor the long-term securities fall in recession.
C) Interest rates on long-term securities fall more than the interest rates on short-term securities in recession.
D) Interest rates on short-term securities fall more than the interest rates on long-term securities in recession.