=+possibility of a deflation. As a result, the Fed proactively lowered the federal funds rate from 1.75%
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=+possibility of a deflation. As a result, the Fed proactively lowered the federal funds rate from 1.75% in late 2002 to 1% by mid-2003, the lowest federal funds rate
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The Economics Of Money Banking And Financial Markets
ISBN: 9781292094182
11th Global Edition
Authors: Frederic S. Mishkin
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