According to Chapter 15, what does the term "liquidity trap" mean? Multiple Choice The Fed can lower rates and print lots of money, but they can't force people to borrow. The Fed can print lots of money and also create lots of electronic money for banks, but ultimately, they can't force banks to lend out money. If people are too fearful to borrow and if banks are too fearful to lend money, then the Federal Reserve and their monetary policy will be ineffective to stimulate the economy. All of the responses above are true and correct