The unemployment rate figure released today was down sharply from last month's figure, three-tenths of a percent.

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"The unemployment rate figure released today was down sharply from last month's figure, three-tenths of a percent. This surprise caused bond prices to tumble." Explain the causation here.

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Principles of Money Banking and Financial Markets

ISBN: 978-0321339195

12th edition

Authors: Lawrence S. Ritter, William L. Silber, Gregory F. Udell

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Question Posted: Mar 06, 2018 09:33 AM

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The unemployment rate figure released today was down sharply from last month's figure, three-tenths of a percent.

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Nominal interest rates rise because the news incr...View the full answer

Principles of Money Banking and Financial Markets

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