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Ao9 Ao9
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8 years ago
In the two-period model with asymmetric information, the presence of bad borrowers who always default
A) affects good borrowers adversely.
B) matters only for the loan interest rate faced by bad borrowers.
C) makes good borrowers better off.
D) affects the equilibrium profits of banks.
Textbook 
Macroeconomics

Macroeconomics


Edition: 5th
Author:
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GordisGordis
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8 years ago
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Ao9 Author
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#2
8 years ago
Expert Upwards Arrow Smiling Face with Open Mouth
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#3
8 years ago
I'm assuming I was right? Wink Face Don't forget to mark as solved.
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