In 2015, the total income of all U.S. residents was approximately $16 trillion

According to the liquidity premium theory, what does a flat yield curve indicate?

A) Short-term interest rates are expected to remain stable. B) Short-term interest rates are expected to rise. C) Short-term interest rates are expected to fall. D) Long-term interest rates are expected to fall.

Recessions are associated with lower incomes, rising unemployment, and falling profits

a. True b. False Indicate whether the statement is true or false