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An increase in financial frictions results in ________. A.a reduced supply of credit to households and businesses B.an increase in the federal funds rate C.
- An increase in financial frictions results in ________.
A.a reduced supply of credit to households and businesses
B.an increase in the federal funds rate
C. a decrease in short-run aggregate supply
D.an upward shift of the monetary policy curve
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Capital In The Twenty-First Century
Authors: Thomas Piketty, Arthur Goldhammer
1st Edition
067443000X, 9780674430006
