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In the balance sheet channel' of monetary transmission during a financial crisis, a key mechanism is a. The effect of exchange rate fluctuations on international
In the balance sheet channel' of monetary transmission during a financial crisis, a key mechanism is a. The effect of exchange rate fluctuations on international trade balances. b. The role of government deficits in stabilizing the economy 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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