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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 14
Imagine what would have happened if the Federal Reserve was not in place to act as a lender of last resort during the financial crisis. Absent government involvement, what would be the likely effect on aggregate supply? Why? What would be the likely effect on aggregate demand? Why?
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Federal Reserve as a lender of last reso...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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