The Interest Rate Effectively Hit Zero in the U

question 78

True/False

The interest rate effectively hit zero in the U.S. in December 2008.

---

Definitions:

Parity Concept

The idea that year after year the sale of a specific output of a farm product should enable a farmer to purchase a constant amount of nonagricultural goods and services.

Agricultural Policy

A set of laws and regulations implemented by governments to regulate agricultural production, distribution, and pricing to achieve specific economic and social objectives.

Price support Program

Government initiatives aimed at maintaining the market price of a good or service at a certain level through subsidies or purchases.

Government

The organization or system through which a community or nation is governed and regulated.