How does an unanticipated decline in the price level cause a drop in lending?

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Economics of Money, Banking and Financial Markets

ISBN: 978-0321598905

9th Edition

Authors: Frederic S. Mishkin

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Question Posted: Aug 12, 2012 04:19 AM

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How does an unanticipated decline in the price level cause a drop in lending?

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An unanticipated decline in the price level leads to firms real burden of indebtedness ...View the full answer

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