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Sublight2097 Sublight2097
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Posts: 4132
8 years ago
For many years after the Great Depression, economists believed a central bank policy of increasing bank reserves in response to a recession would be
A) largely ineffective.
B) the opposite of what the circumstances required.
C) useless unless it also raised interest rates.
D) useless unless it was accompanied by declining prices.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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VincenzoDVincenzoD
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Posts: 1913
8 years ago
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Sublight2097 Author
wrote...
8 years ago
Another one in the books, marking it solved.
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