Why do interest rates lag at the peak, still rising for a little while (or at least
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Why do interest rates lag at the peak, still rising for a little while (or at least holding steady), while a recession has already started?
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Interest rates lag at the peak because it takes time for central banks to recognize that an economy is overheating and needs to be cooled down Central ...View the full answer
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Related Book For
Economics An Introduction To Traditional And Progressive Views
ISBN: 9780765616685
7th Edition
Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers
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