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If an economy is in a liquidity trap, then the nominal interest rate is ________ and output ________ when the money supply temporarily ________. a.zero
If an economy is in a liquidity trap, then the nominal interest rate is ________ and output ________ when the money supply temporarily ________.
a.zero or negative; increases; increases
b.zero or negative; increases; decreases
c.zero or negative; remains unchanged; increases
d.high and rising; remains unchanged; increases
e.high and rising; decreases; decreases
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