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If the Fed can communicate that it will maintain a(n) ________ for a long period of time, the ...
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If the Fed can communicate that it will maintain a(n) ________ for a long period of time, the ...
If the Fed can communicate that it will maintain a(n) ________ for a long period of time, the long-term nominal interest rate will remain ________.
▸ expansionary monetary policy; low
▸ expansionary fiscal policy; low
▸ contractionary monetary policy; low
▸ contractionary fiscal policy; high
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Macroeconomics
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rd
Authors:
Acemoglu, Laibson, List
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expansionary monetary policy; low
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