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smitch6 smitch6
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6 years ago
A collateral constraint captures the idea that
A) there is asymmetric information in credit markets.
B) assets may be of no use.
C) consumers need incentives not to abscond on their debts.
D) Ricardian equivalence always holds.
E) the budget constraint is irrelevant.
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Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
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karmarkarmar
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