In a recent article at The Economist the author wrote describing inflation: Today the lethal assassin has gone missing. Most economies no longer struggle with runaway prices. Instead they find inflation is too low, as judged by their inflation targets. A decade of interest rates at or near rock-bottom has not changed that. Nor has the printing of money by central banks in America, the euro zone, Britain and Japan that has expanded their balance-sheets beyond a combined $15trn (35% of their combined GDP). Nor have unemployment rates that are in many countries the lowest they have been for decades. Based on the above paragraph: (a) what do you think is the effect on real interest rates given this persistent low inflation? (b) Based on your answer above, can you think what this might mean to the global economy?