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During the onset of the global financial crisis many of the world's central banks and governments prevented large banks to fail.

  1. During the onset of the global financial crisis many of the world's central banks and governments prevented large banks to fail. If these institutions had allowed this occur there would have been large-scaled bank failure which would have had a negative impact on bank deposits. Using the Keynesian model illustrate and explain the impact of a large- scale bank failure on planned aggregate expenditure.

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Impact of Bank failures The Keynesian Model depicts about the Aggregate demand which has all the components of the GDP which... View the full answer

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