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Suppose we had the following information for the country of Rafael-ville run by President R. Cera. 2020 2021 2022 2023 Nominal interest rate 4.50 3.00
Suppose we had the following information for the country of Rafael-ville run by President R. Cera. 2020 2021 2022 2023 Nominal interest rate 4.50 3.00 2.25 2.00 Inflation rate -3.00 -5.50 -7.50 -11.50 Unemployment rate 12% 15% 20% 25% Based on what you learned about the Great Depression, which of the following could you conclude from these numbers? Group of answer choices The economy is going great and should carry on without changing any policies at all Monetary policy cannot be used to help fix the economy as the interest rate is already so low The economy is experiencing a rapid rise in the prices of all goods and services The "Cera Administration" should do away with deposit insurance as soon as possible None of the above
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