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Which of the following is not a theory of the term structure of interest rates?
Unintended Consequences
Unintended consequences are outcomes that are not foreseen or intended by a purposeful action.
Congress
The legislative branch of the United States federal government, composed of two chambers: the Senate and the House of Representatives, responsible for making laws.
Bureaucracy
A system of government or management involving multiple layers of administration, departments, and staff members, often criticized for being complex and inefficient.
Environmental Regulations
Laws and rules designed to protect the environment from harm caused by human activity, often by regulating pollution levels and land use.
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