a. Is it the long-term nominal interest rate or the long-term real interest rate that influences spending
Question:
b. How does the market determine the long-term nominal interest rate and why doesn’t it move as much as the short-term interest rates?
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a It is the real longterm interest rate that influences spending decisions The real interest rate st...View the full answer
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Related Book For 
Macroeconomics Canada in the Global Environment
ISBN: 978-0321778109
8th edition
Authors: Michael Parkin, Robin Bade
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