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(a) Based on the article The Perils of Low Interest Rates by Lukasz Drozd, discuss the primary reasons why the natural rate of interest has
(a) Based on the article "The Perils of Low Interest Rates" by Lukasz Drozd, discuss the primary reasons why the natural rate of interest has declined.
b) What is a potentially important monetary policy implication associated with persistently low market interest rates? How can the Federal Reserve respond to this problem or concern?
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