Question
TRUE/FALSE: Support your answer in a few sentences and diagrams, and possibly some equations. You will not need any lengthy mathematical derivation for this part.
TRUE/FALSE: Support your answer in a few sentences and diagrams, and possibly some equations. You will not need any lengthy mathematical derivation for this part.
- In the Diamond-Dybvig banking model, bank runs occur because of the consumers' irrational behaviour.
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Principles Of Economics
Authors: Robert H. Frank, Ben Bernanke Professor, Kate Antonovics, Ori Heffetz
6th Edition
0078021855, 9780078021855
