Which of the Following Best Explains Why the Long-Term Interest

Which of the following best explains why the long-term interest rate will generally change by less than 1% when the short-term interest rate changes by 1%?

A) the mathematical calculations are more difficult for analysts in the case of long-term bonds.
B) long-term rates are always lower than short-term rates,so there is less room for them to change.
C) financial market participants will not expect this increase in the short-term interest rate to persist fully in the future.
D) financial markets are often affected by bubbles and fads.
E) none of the above