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18 October, 01:51

If real rates were higher than nominal rates in 2009, the implication is that

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  1. 18 October, 03:01
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    It is likely that inflation was actually negative, or often referred to as deflation. Due to the reduction in money and consumer spending there were more goods on the market that people were willing to buy. This caused the prices to begin to rapidly drop in order for the economy to meet the financial needs of the consumer at the time.
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