Problems and Applications 1.5 in describing the bank panic that occurred in the fall of 1930, Milton Friedman and Anna Schwartz wrote: A contagion forma anong deposito tong from the show wow, which had experienced the best impact our failures in the twention. Butach contagian knows no poruchowe a. What do the authors mean by a "contagion of fear b. What did bank depositors have to fear in the early 1930s? Do depositors today face similar fears? Briefly explain c. What do the authors mean when they write that such contagion knows no geographical limits Surah AA MMA 1.6 Former Federal Reserve Chairman Ben Bernanke has observed: "Even a bank that is solvent under normal conditions can rarely survive a sustained run." a. What does Bernanke mean by "solvent under normal conditions? b. What does he moon by a sustained run"? Why can't a bank survive a sustained run? Problems and Applications 1.5 in describing the bank panic that occurred in the fall of 1930, Milton Friedman and Anna Schwartz wrote: A contagion forma anong deposito tong from the show wow, which had experienced the best impact our failures in the twention. Butach contagian knows no poruchowe a. What do the authors mean by a "contagion of fear b. What did bank depositors have to fear in the early 1930s? Do depositors today face similar fears? Briefly explain c. What do the authors mean when they write that such contagion knows no geographical limits Surah AA MMA 1.6 Former Federal Reserve Chairman Ben Bernanke has observed: "Even a bank that is solvent under normal conditions can rarely survive a sustained run." a. What does Bernanke mean by "solvent under normal conditions? b. What does he moon by a sustained run"? Why can't a bank survive a sustained run