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11. (2 points) During the Great Recession, central banks around the world employed forward guidance in order to... a) Lower short-term nominal interest rates b)

11. (2 points) During the Great Recession, central banks around the world employed forward guidance in order to... a) Lower short-term nominal interest rates b) Increase short-term nominal interest rates c) Lower expectations of future short-term nominal interest rates d) Increase expectations of future short-term nominal interest rates e) Lower expectations of future inflation

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