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What is the normal course of interest rates and inflation during a normal (non-COVID inspired) recession? A. A sharp fall, followed by a gradual rise
What is the normal course of interest rates and inflation during a normal (non-COVID inspired) recession?
A. A sharp fall, followed by a gradual rise to above pre-recession levels.
B. A sharp fall, followed by a sharp rise to below pre-recession levels.
C. A sharp rise, followed by a sharp fall to pre-recession levels.
D. A sharp rise, followed by a gradual decline to above pre-recession levels.
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