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When compared to the yield curve for Treasury securities, the yield curve for corporate securities should
Dual Federalism
A political concept that views the federal government and the state governments as co-equal sovereign powers with separate and distinct areas of authority.
Great Depression
A severe worldwide economic crisis that took place during the 1930s, marked by massive unemployment and widespread poverty.
Matching Grant
A funding arrangement where a grant is given on the condition that an equal amount is matched from another source.
Nullification Theory
A legal theory suggesting that U.S. states have the right to nullify, or invalidate, any federal law which they deem unconstitutional.
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