With which of the following statements would the "No - Markets Fail Often" camp disagree?
A) Banks' tension between prudence and profits contributes to business cycles.
B) Money gives people a way not to spend.
C) Money's store-of-value function contributes to business cycles.
D) Money helps markets adjust to equilibrium.
E) Money can block the transmission mechanism between interest rates and aggregate demand.
Correct Answer:
Verified
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