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In 2003, the Fed lowered interest rates all the way to 1%, which fueled a large and destructive housing bubble in 2005 and created more
In 2003, the Fed lowered interest rates all the way to 1%, which fueled a large and destructive housing bubble in 2005 and created more inflation when the economy was already expanding. The problem created by the Fed's actions BEST support which school of thought: Select one: a. Supply-side economists b. Keynesian economists c. Classical economists d. Marginalists e. Monetarists
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