Question
What is the consequence of fractional reserve banking according to Austrian theory? a. Too slow credit growth, causing boom-bust cycles b. Too rapid money growth,
What is the consequence of fractional reserve banking according to Austrian theory?
a. Too slow credit growth, causing boom-bust cycles
b. Too rapid money growth, causing boom-bust cycles
c. Too little capital in banks, causing boom-bust cycles
d. Too high leverage in the private sector, causing boom-bust cycles
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Economics Today The Macro View
Authors: Roger LeRoy Miller
19th Edition
0134478762, 978-0134478760
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