An Inverted Yield Curve Implies That

An inverted yield curve implies that

A) long-term interest rates are lower than short-term interest rates.
B) long-term interest rates are higher than short-term interest rates.
C) long-term interest rates are the same as short-term interest rates.
D) intermediate term interest rates are higher than either short- or long-term interest rates.
E) None of the options

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