The fed held interest rates constant

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Reference no: EM131023467

In the last half of the 1990s, the usual short-run trade-off between inflation and unemploymentdid not arise because:

a) the Fed held interest rates constant

b) the federal government balanced its budget

c)the U.S. personal savings rate rose

d)productivity (and thus aggregate supply) grew faster than previously

Reference no: EM131023467

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