Multiple Choice
A decline in borrower net worth
A) raises information costs, but increases the ability of households and firms to borrow.
B) reduces information costs and increases the ability of households and firms to borrow.
C) raises information costs and reduces the ability of households and firms to borrow.
D) reduces information costs and reduces the ability of households and firms to borrow.
Correct Answer:
Verified
Correct Answer:
Verified
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