This preview shows page 1. Sign up to view the full content.
Unformatted text preview: at Wal-mart. In the aftermath of the housing bubble, explain who is most likely to experience a fall in their wages in the resulting depression? 6. Explain the six things that a government typically does to fight a depression that actually make the problem worse by interfering with the correction. Find examples of the government doing these things today. 7. Explain why the abolition of the central bank and fractional reserve banking would prevent credit-driven business cycles in the Austrian model....
View Full Document
This note was uploaded on 03/10/2012 for the course ECON 1110 taught by Professor Tedloch-temzelides during the Spring '08 term at Pittsburgh.
- Spring '08