During the Great Depression of the 1930s, nominal interest rates were close to zero. Explain how real
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During the Great Depression of the 1930s, nominal interest rates were close to zero. Explain how real interest rates could be very high even though nominal interest rates were very low. (Hint: Prices fell during parts of the Great Depression.)
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Related Book For 
An Introduction To Financial Markets And Institutions
ISBN: 978-0765622761
2nd Edition
Authors: Maureen Burton ,Reynold F. Nesiba ,Bruce Brown
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