Interest rates are generally increasing in the expansion phase of the business cycle, and the yield curve usually becomes more steeply sloped.

Name: Interest rates are generally increasing in the expansion phase of the business cycle, and the yield curve usually becomes more steeply sloped.
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During the expansion phase, interest rates may rise, but the yield curve typically flattens or inverts as short-term rates increase faster than long-term rates.

Interest Rates Are Generally Increasing in the Expansion Phase of the Business