4. Consider again the case with $11 billion of mortgage value being lost. What happens if the...

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4. Consider again the case with $11 billion of mortgage value being lost. What happens if the government gives the bank $1 billion as a bailout (for example, a special loan that the bank will not have to pay back unless it makes enough profits on the rest of its assets).

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Macroeconomics

ISBN: 125389

3rd Global Edition

Authors: Daron Acemoglu ,David Laibson ,John List

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