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Which of the Following Does Your Author Suggest Is NOT

Question 48

Multiple Choice

Which of the following does your author suggest is NOT a lesson learned from the the Great Recession of 2007 -2009?


A) Individuals and firms that took on too much debt suffered dramatically.
B) Firms and individuals that relied too heavily on short-term debt to finance long-term assets suffered when financial liquidity dried up.
C) The crisis started in and was mostly limited to the collapse of the U.S.housing market.
D) All of the above.

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