When interest rates are high, and the expansionary phase of the economy is peaking out, this is an ideal time to purchase short-term securities, as opposed to long-term securities.

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The Answer of When interest rates are high, and the expansionary phase of the economy is peaking out, this is an ideal time to purchase short-term securities, as opposed to long-term securities.

When Interest Rates Are High, and the Expansionary Phase of the Economy