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Why does the Federal Funds rate face a zero bound?
Lower Levels
Refers to the foundational or basic elements in a structure or system, often relating to the base of a hierarchical arrangement.
Descending Air
Air movement downward towards the Earth's surface, often leading to warming and drying conditions, impacting weather and climate patterns.
Latitude
The measurement of distance north or south of the Equator, expressed in degrees.
Deserts
Arid regions with extremely low precipitation levels, supporting sparse vegetation and a varied range of adaptations among the living organisms.
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