Monetary policy is totally powerless under liquidity trap

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1. What is the main reasons of China’s low consumption, and discuss the ways to increase the households’ consumption.

2. Why the monetary policy is totally powerless under liquidity trap?

Reference no: EM13696035

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Monetary policy is totally powerless under liquidity trap : What is the main reasons of China’s low consumption, and discuss the ways to increase the households’ consumption. Why the monetary policy is totally powerless under liquidity trap?
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