Author Question: The adverse consequences of debt deflation are most evident ________. A) in the expansion of ... (Read 123 times)

bobbie · **on:** Jun 30, 2018

The adverse consequences of debt deflation are most evident ________.

A) in the expansion of credit to high-risk borrowers
B) on the balance sheets of nonfinancial businesses
C) in a sharp decline in the real interest rate
D) on the balance sheets of financial businesses

Question 2

Wealth ________.

A) may serve the monetary function of store of value
B) means essentially the same as money
C) differs from money in that wealth is more liquid
D) is the flow that corresponds to the stock of income
E) none of the above