The adverse effects of a contagious run include the restrictions on the ability of individuals to transfer wealth through time and a negative impact on the level or rate of savings.

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During a contagious run, individuals tend to withdraw their money from banks, which restricts their ability to transfer wealth through time. This can lead to a negative impact on the level or rate of savings, as people may prefer to hold onto their cash rather than invest or save it.

The Adverse Effects of a Contagious Run Include the Restrictions