During the Great Depression, real interest rates
A) rose to unprecedentedly high levels.
B) rose only slightly above the long-run trend.
C) fell to unprecedentedly low levels.
D) fell only slightly below the long-run trend.
A
Economics
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A demand for a product is more elastic
a. When it has few substitutes b. In the long-run c. When the expenditure on the product represent a small portion of the budget d. When the product is broadly defined
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Which of the following serve as the language of the market system?
a. Monetary and fiscal policies b. Volatility c. Market prices d. Lawsuits
Economics