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A credit crunch will a. Raise borrowing costs to businesses and households relative to benchmark interest rates b. Tend to reduce aggregate demand c. Cause
A credit crunch will
a. Raise borrowing costs to businesses and households relative to benchmark interest rates | ||
b. Tend to reduce aggregate demand | ||
c. Cause a negative output gap (if output had been at potential) | ||
d. All of the above |
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