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Chako Chako
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8 years ago
If an economy is in a liquidity trap, then the nominal interest rate is ________ and the only effective policy that can be used to stimulate the economy is ________.
A) zero or negative; expansionary monetary policy
B) high and rising; contractionary monetary policy
C) high and rising; expansionary monetary policy
D) zero or negative; expansionary fiscal policy
E) high and rising; expansionary fiscal policy
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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machukianmachukian
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8 years ago
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Chako Author
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#2
8 years ago
Good answer, thank you
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#3
7 years ago
Thanks for the feedback, I'm sure others will appreciate it too
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