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Ao9 Ao9
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8 years ago
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

Macroeconomics


Edition: 5th
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GordisGordis
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8 years ago
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Ao9 Author
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8 years ago
Expert Upwards Arrow Smiling Face with Open Mouth
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8 years ago
Please mark it solved once you get a chance.
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