How does a bank end up with excess reserves?
Answer to relevant QuestionsWhat caused the Great Bank Crash of 1929? The Federal Reserve System was designed as a decentralized central bank. Why? How did the Fed and government respond to the bank crash of 2007? "To rational-expectations economists, it makes no difference whether we think in terms of the short run or the long run: Government cannot reduce the rate of unemployment, period." Explain. What are the principal 1996 changes made to our welfare program?
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