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In the 'balance sheet channel' of monetary transmission during a financial crisis, a key mechanism is: O a. The effect of exchange rate fluctuations on
In the 'balance sheet channel' of monetary transmission during a financial crisis, a key mechanism is: O a. The effect of exchange rate fluctuations on international trade balances. O b. The role of government deficits in stabilizing the economy. O c. How changes in asset prices and leverage affect borrowing and spending. d. The direct impact of interest rate changes on consumers' disposable income
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