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In an effort to address the troubled economy, ..."For the ninth time in just over a year, the ...

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In an effort to address the troubled economy, ..."For the ninth time in just over a year, the ...

In an effort to address the troubled economy, ..."For the ninth time in just over a year, the Federal Reserve is expected to cut interest rates, quite possibly its last reduction in this downturn." Rates have not been this low "... since 2003, when the economy was growing at a snail's pace. "
www.csmonitor.com, 10/28/2008

The "interest rates" the Fed is cutting is the ________.
A) real long-term interest rate
B) nominal long-term interest rate
C) Federal Funds rate
D) reserve interest rate

Textbook

Foundations of Macroeconomics

Edition: 8^th

Authors: Bade, Parkin

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Studying economics @ Edinburgh U

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Studying economics @ Edinburgh U

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