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Principles of Money, Banking & Financial Markets 12th Edition by Lawrence Ritter,William Silber,Gregory Udell
Edition 12ISBN: 978-0321339195Principles of Money, Banking & Financial Markets 12th Edition by Lawrence Ritter,William Silber,Gregory Udell
Edition 12ISBN: 978-0321339195 Exercise 4
Show geometrically that if there is a so-called liquidity trap, monetary policy cannot lower interest rates.
Explanation
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The graph illustrates that monetary poli...
Principles of Money, Banking & Financial Markets 12th Edition by Lawrence Ritter,William Silber,Gregory Udell
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