Define the term structure of interest rates and the yield curve. Explain the importance of each for monetary policy. If

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answerhappygod
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Define the term structure of interest rates and the yield curve. Explain the importance of each for monetary policy. If

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Define the term structure of interest rates and the yield curve.
Explain the importance of each for monetary policy. If the yield
curve steepens, does it mean that people expect the Fed to tighten
or loosen monetary policy? Your answer should explain why either
could be true.
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