How did the role of government in the East Asian miracle become a factor in the currency crisis of the late 1990s?
What will be an ideal response?
Governments played a role in resource allocation by directing capital to firms deemed important to development. When governments continued to favor firms that were not performing well, resources were poorly allocated and firms' debt problems became serious.
Economics
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All else equal, if autonomous consumption ________, the value of the multiplier remains constant
A) increases B) decreases C) remains constant D) all of the above
Economics
Some of our security is managed at the local level. Local governments, for example, provide
a. corporate security guards b. police protection to safeguard our communities c. airport accommodations for the air force in times of emergency d. the National Guard e. city or town mall security forces
Economics