Which of the Following Yield Curves Would Be Characteristic at Peak

question 90

Multiple Choice

Which of the following yield curves would be characteristic at peak periods of economic expansions?

• A) Upward sloping
• B) Downward sloping
• C) Horizontal
• D) Humped

---

Definitions:

Marginal Utility

The added satisfaction or utility gained from consuming an additional unit of a good or service.

Spending

Engaging in transactions to acquire goods or services by spending money.

Income

Earnings accrued from work or investment sources on a consistent basis.

Goods

Physical items that satisfy human wants or needs, which can be bought, sold, or traded.