Question 11 From 2008 to 2009, the interest rate on 10-year government bonds fell to 2.75 percent, its lowest level in many years. This is most likely the result of: higher inflationary expectations. easier monetary policy. higher nominal budget deficits. higher real budget deficits. 2 points

Question 11
From 2008 to 2009, the interest rate on 10-year government bonds fell to 2.75 percent, its lowest level in many years. This is most likely the result of:
higher inflationary expectations.
easier monetary policy.
higher nominal budget deficits.
higher real budget deficits.
2 points

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