Bank runs are often described as self-fulfilling prophecies. Why is this phrase appropriate to bank runs?

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Bank runs are often described as “self-fulfilling prophecies.” Why is this phrase appropriate to bank runs?

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Nov 01, 2023 03:09 AM

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Bank runs are often described as self-fulfilling prophecies. Why is this phrase appropriate to bank runs?

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The fear and uncertainty created by the sugge...View the full answer

Principles Of Economics

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