The chapter states that it is impossible to know whether a particular nominal interest rate is high

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The chapter states that it is impossible to know whether a particular nominal interest rate is "high" or "low." Briefly explain why.

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Question Posted: Nov 01, 2017 07:36 AM

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The chapter states that it is impossible to know whether a particular nominal interest rate is high

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