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Austrian Model
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Austrian Model
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24. Macroeconomic Schools of Thought / Austrian Model / Problem 2
Problem 2
How do low interest rates influence the severity of economic recessions according to von Hayek?
A
They have no influence on the severity of recessions.
B
They increase the severity and duration of recessions.
C
They prevent recessions from occurring.
D
They decrease the severity and duration of recessions.
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