Movements of ________ interest rates indicate that,contrary to the early Keynesians' beliefs,monetary policy was ________ during the Great Depression.
A)nominal;tight
B)nominal;easy
C)real;tight
D)real;easy

Question

Quizplus · Accepted Answer

Real interest rates were actually tight during the Great Depression, which suggests that monetary policy was more restrictive than early Keynesians believed.

Movements of ________ Interest Rates Indicate That,contrary to the Early