When the Federal Reserve Chairman Ben Bernanke repeatedly decreased the interest rate during late 2008, he was
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When the Federal Reserve Chairman Ben Bernanke repeatedly decreased the interest rate during late 2008, he was attempting to stimulate the U.S. economy by lowering the interest rates in the U.S. financial markets and lowering the cost of employing productive capital. What impact did this policy have on the exchange rates in the foreign exchange markets, other things remaining the same?
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Macroeconomics Canada In The Global Environment
ISBN: 9780321931207
9th Edition
Authors: Michael Parkin, Robin Bade
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