What impact did the near zero interest rates of 20092015 have on the incentive of people to
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What impact did the near zero interest rates of 2009–2015 have on the incentive of people to hold money balances? How did the low interest rates affect the velocity of money? What impact did they have on the wealth of people who had savings deposits, money market mutual funds, and CDs as their primary instruments of savings? How would these factors influence the expansionary effects of monetary policy?
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Macroeconomics Private And Public Choice
ISBN: 9780357134009
17th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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