Central Banks around the world started doing Quantitative Easing because they had reached the zero lower bound. What does it mean? They had run out of gold to use Inflation was already at 0% The interest rate was already at 0% and couldn't be lowered more

Central Banks around the world started doing Quantitative Easing because they had reached the zero lower bound. What does it mean? They had run out of gold to use Inflation was already at 0% The interest rate was already at 0% and couldn't be lowered more

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter9: An Introduction To Basic Macroeconomic Markets

Section: Chapter Questions

Problem 11CQ

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Central Banks around the world started doing Quantitative Easing because they had reached the zero lower bound. What
does it mean?
They had run out of gold to use
Inflation was already at 0%
The interest rate was already at 0% and couldn't be lowered more
The growth rate of the real GDP was at 0%

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