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Macroeconomics 12th Edition by William Baumol,Alan Blinder
Edition 12ISBN: 978-1305033016Macroeconomics 12th Edition by William Baumol,Alan Blinder
Edition 12ISBN: 978-1305033016 Exercise 9
In December 2008, the Fed reduced the federal funds rate to approximately zero. What should it have done then? Why? What did it actually do?
Explanation
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Policy choice
When the federal funds ra...
Macroeconomics 12th Edition by William Baumol,Alan Blinder
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