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  3. Study Set
    Economics Principles and Policy Study Set 2
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    Exam 31: The Debate Over Monetary and Fiscal Policy
  5. Question
    Historically, the Most Harmful Bubbles Are Those Financed by Heavy
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Historically, the Most Harmful Bubbles Are Those Financed by Heavy

Question 5

Question 5

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Historically, the most harmful bubbles are those financed by heavy borrowing and extensive use of leverage.

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