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    Macroeconomics Study Set 38
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    Exam 12: Monetary Policy and the Phillips Curve
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    Normally, Yields on Short-Term Treasury Bonds Are ________ Long-Term Treasury
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Normally, Yields on Short-Term Treasury Bonds Are ________ Long-Term Treasury

Question 53

Question 53

Multiple Choice

Normally, yields on short-term Treasury bonds are ________ long-term Treasury bond yields.


A) equal to the fed funds rate minus
B) equal to inflation plus
C) the same as
D) higher than
E) lower than

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