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Ao9 Ao9
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Posts: 1908
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9 years ago
In the two-period model, the budget constraint is kinked for all of these reasons, except
A) there is asymmetric information in the credit market.
B) there are costs to banks from lending and borrowing.
C) there is limited commitment in the credit market.
D) the real interest rate is greater than zero.
Textbook 
Macroeconomics

Macroeconomics


Edition: 5th
Author:
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GordisGordis
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Posts: 1906
9 years ago
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Ao9 Author
wrote...
9 years ago
You're sharp, thanks!
wrote...
9 years ago
You're welcome Wink Face Message me if you need any more assistance with your other questions.
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