What are two ways that governments can prevent banking panics?

What will be an ideal response?

First, a central bank can act as lender of last resort. Second, the government can insure bank deposits.

Economics

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The aggregate supply curve in the classical model is

A) horizontal. B) vertical. C) upward sloping. D) downward sloping.

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The marginal revenue curve of a monopolist coincides with its average revenue curve

a. True b. False Indicate whether the statement is true or false

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