During 2003 we began to stop worrying that inflation was a, Business Economics

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During 2003 we began to stop worrying that inflation was a

During 2003, we began to stop worrying that inflation was a problem. Instead, we began to worry about deflation, a decline in the price level. Assume that the Fed decided to hold the money supply constant. What impact would deflation have on interest rates?

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Business Economics: During 2003 we began to stop worrying that inflation was a

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