Macroeconomics 11th Edition by Michael Parkin

تمرين 3

Use the following information to work the Problems.
From 2009 through 2012, the long-term real interest rate paid by the safest U.S. corporations fell from 4 percent to 2 percent. During that same period, the federal funds rate was roughly constant at 0.25 percent a year.
What do you think happened to inflation expectations between 2009 and 2012 and why?