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smitch6 smitch6
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6 years ago
In the two-period model with default, if the nation defaults on its debts in the future period
A) there are no consequences.
B) it bears a cost v.
C) collateral is seized.
D) it faces a higher interest rate.
E) the central bank must bail out the government.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
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karmarkarmar
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6 years ago
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smitch6 Author
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6 years ago
this is exactly what I needed
Lourd Jenkins
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Yesterday
Just got PERFECT on my quiz
gma_of_7
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2 hours ago
Thanks
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