Question
What are the two major types of credit market frictions? Explain what they are and the major credit market features that arise as a response
What are the two major types of credit market frictions? Explain what they are and the major credit market features that arise as a response to the frictions. The features could help understand the unusually large decline in aggregate demand during the recent recession associated with the financial crisis. Explain.
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Real Estate Principles A Value Approach
Authors: David C Ling, Wayne Archer
5th edition
77836367, 978-0077836368
