Assuming the pure expectations theory is correct, an upward-sloping yield curve implies: a. Interest rates are expected to increase in the future. b. Longer-term bonds are riskier than short-term...

Assuming the pure expectations theory is correct, an upward-sloping yield curve implies:
a. Interest rates are expected to increase in the future.
b. Longer-term bonds are riskier than short-term bonds.
c. Interest rates are expected to decline in the future.