The zero lower bound on the nominal interest rate arises because

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The zero lower bound on the nominal interest rate arises because

The zero lower bound on the nominal interest rate arises because
A) if the nominal interest rate were less than zero, an arbitrage opportunity would exist.
B) the government would not allow it.
C) the economy would crash.
D) bank profits must be zero.

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Macroeconomics

Edition: 5^th

Author: Williamson

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