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Question
In 2007 the real interest rate in the United States was 2 percent. By 2013, the equilibrium real interest in the United States was ________ because the ________.A) 3.5 percent; United States began to recover from the deep recession and financial crisis of 2008-2009
B) 0.5 percent; United States began to recover from the deep recession and financial crisis of 2008-2009
C) 0.5 percent; United States experienced a deep recession as a result of a financial crisis in 2008-2009
D) 3.5 percent; United States experienced a deep recession as a result of a financial crisis in 2008-2009
E) not yet calculated; effects of the financial crisis of 2008-2009 have not yet been tallied
Answer
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Related questions
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