=+7. During the 20072009 recession, the value of common stocks in real terms fell by more than
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=+7. During the 2007–2009 recession, the value of common stocks in real terms fell by more than 50%. How might this decline in the stock market have affected aggregate demand and thus contributed to the severity of the recession?
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The Economics Of Money Banking And Financial Markets
ISBN: 9781292094182
11th Global Edition
Authors: Frederic S. Mishkin
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