What Does the Historical Record of Interest Rates and Inflation

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The Answer is Before the 1960s,inflation rates were very low (almost zero),and interest rates averaged about 4 to 5%.Starting in the 1960s,however,both inflation and interest rates began to rise and rose to a peak in the period from 1981-1982.They then eventually fell back to their normal range in the 1990s.In the first part of the 21^s^t century,rates have again been lower than the long-run average.

What Does the Historical Record of Interest Rates and Inflation

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