During the financial crisis of 20072009, credit markets froze when financial institutions stopped lending to many consumers
Question:
a. Did credit rationing occur during 2007–2009? Briefly explain.
b. How did credit rationing during 2007–2009 affect GDP?
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a Credit rationing increased sharply during 20072009 At current i...View the full answer
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Related Book For 
Macroeconomics
ISBN: 9780132109994
1st Edition
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
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