Explain the role of inflationary expectations, economic contraction, and Federal Reserve Policy in producing the record low

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Explain the role of inflationary expectations, economic contraction, and Federal Reserve Policy in producing the record low interest rates observed at the end of 2007 and the beginning of 2008.
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Principles of Money Banking and Financial Markets

ISBN: 978-0321339195

12th edition

Authors: Lawrence S. Ritter, William L. Silber, Gregory F. Udell

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