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    Macroeconomics Study Set 31
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    Exam 15: Financial Crises, panics, and Macroeconomic Policy
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    Why Did the Bursting of Bubbles in 1929 and 2007
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Why Did the Bursting of Bubbles in 1929 and 2007

Question 15

Question 15

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Why did the bursting of bubbles in 1929 and 2007 lead to financial meltdowns,rather than just mild recessions?

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There are many reasons,but one very impo...

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