Multiple Choice
The Bank of Techland is the largest bank in Techland.Which of the following is likely to be true if this bank fails?
A) Techland's output will fall.
B) Real interest rates in Techland will fall.
C) Labor supply in Techland will fall.
D) Real wages in Techland will remain unchanged.
Correct Answer:
Verified
Correct Answer:
Verified
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