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Changes in the federal funds rate ________.
Jgal
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Changes in the federal funds rate ________.
Changes in the federal funds rate ________.
▸ change the long-term expected interest rates in the opposite direction
▸ change the long-term expected interest rates in the same direction
▸ have no effect on the long-term expected interest rate
▸ can change the long-term expected interest rate in any direction, depending on the magnitude of the change in the federal funds rate
Textbook
Macroeconomics
Edition:
3
rd
Authors:
Acemoglu, Laibson, List
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change the long-term expected interest rates in the same direction
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Jgal
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You make an excellent tutor!
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Thanks
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I appreciate what you did here, answered it right
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