When the effects of monetary policy on the economy work through changes in real interest rates, the effect is called
a. disintermediation.
b. the interest rate channel.
c. the fiscal channel.
d. the credit channel.
Answer: B
When the effects of monetary policy on the economy work through changes in real interest rates, the effect is called
a. disintermediation.
b. the interest rate channel.
c. the fiscal channel.
d. the credit channel.
Answer: B