6. After seven years of decreasing and steadily low interest rates, the Federal Reserve Bank decided in

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6. After seven years of decreasing and steadily low interest rates, the Federal Reserve Bank decided in December 2015 to make a policy change and increase the Federal Fund Rate. Assuming that all other factors are held constant, which effects would this change in real interest rates have had on the U.S.

economy?

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Macroeconomics Global Edition

ISBN: 978-1292318615

10th Edition

Authors: Andrew Abel ,Ben Bernanke ,Dean Croushore

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