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The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
Edition 10ISBN: 978-0132763646The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
Edition 10ISBN: 978-0132763646 Exercise 12
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If the public expects the Fed to pursue a policy that is likely to raise short-term interest rates permanently to 12%, but the Fed does not go through with this policy change, what will happen to long-term interest rates? Explain your answer.
If the public expects the Fed to pursue a policy that is likely to raise short-term interest rates permanently to 12%, but the Fed does not go through with this policy change, what will happen to long-term interest rates? Explain your answer.
Explanation
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because the public's expectations pave ...
The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
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