Exam (elaborations)
Macroeconomics, 7e (Blanchard)
- Course
- Institution
Chapter 1: A Tour of the World 1.1 The Crisis 1) The most recent financial crisis started in A) stock market. B) bond market. C) foreign exchange market. D) housing market. Answer: D Diff: 2g 2) Briefly explain why the decline in housing prices led to a major financial crisis. Answer: Man...
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