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Which of the Following Events Led to the Crisis in Macroeconomics

Question 39

Multiple Choice

Which of the following events led to the crisis in macroeconomics and to the development of rational expectations theory?


A) the Great Depression
B) the stock market crash of 1987
C) the stock market speculative bubble of the late 1990s
D) stagflation in the 1970s
E) large budget deficits in the 1980s

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