You and a friend are debating the merits of using monetary policy during a severe recession. your friend says that the central bank needs to lower interest rates all the way down to zero. according to him, zero nominal interest rates will boost lending and investment; consumers and firms will surely borrow and spend when interest rates are zero. given that inflation in your country is currently 3 percent, would you agree with his reasoning? explain your answer.

Which of the following statements is true regarding the reporting of outside interests and the management of conflicts? investigators are responsible for developing their own management plans for significant financial interests. the institution must report identified financial conflicts of interest to the u. s. office of research integrity. investigators must disclose their significant financial interests related to their institutional responsibilities and not just those related to a particular project. investigators must disclose all of their financial interests regardless of whether they are related to a research project.