Notes on the Money Market and LM Curve – Eco 3202 – Fall ...
The following graph depicts the movement of adjustable and fixed rate mortgages from 2002 – 2006. Not surprisingly, rates have been rising given that the Fed has had raised interest rates 17 times in a row beginning June, 2004. The idea that the Fed can or cannot influence long term interest rates is a vital part of this class. Note also our ... ................
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