If a central bank wants to achieve lower nominal interest rates, it has to raise the nominal

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“If a central bank wants to achieve lower nominal interest rates, it has to raise the nominal interest rate.” Explain in what way this statement makes sense.

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Macroeconomics

ISBN: 978-1464168505

5th Canadian Edition

Authors: N. Gregory Mankiw, William M. Scarth

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Question Posted: Dec 31, 2015 01:39 AM

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Macroeconomics

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