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Identify the similarities between the United? States' experiences during the Great Depression and the financial crisis of? 2007-2009. ?(Check all that? apply)

A. Credit spreads widened and the availability of credit declined during both episodes.

B. The source of the asset minus price increase was the same for both episodes. The source of the asset−price increase was the same for both episodes.

C. Upper A bank panic occurred during both episodes. A bank panic occurred during both episodes.

D. Both episodes were preceded by sharp increases in asset prices

E. Both episodes resulted in significant declines in GDP and a significant increase in unemployment of 25%.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91672856

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