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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Explain what happens in an economy when the financial markets limit access to capital. How does this affect economic growth and employment?

To determine

The affect on an economy when the access to capital is restricted by the financial markets and the way it affects the employment and economic growth is to be determined.

Explanation

The financial market helps in flow of savings and investment in the economy. If the financial market limit access to capital, it will be difficult to raise the money from the market for firms and households. Those who want to start and expand their business they will not get loans. Households will not get loans for purchasing houses, cars and other goods of value...

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