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.