In the recent subprime recession, the value of ordinary shares in real terms fell dramatically. How might

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In the recent subprime recession, the value of ordinary shares in real terms fell dramatically. How might this decline in the stock market have affected aggregate demand and thus contributed to the severity of this recession? Be specific about the mechanisms through which the stock market decline affected the economy.

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The Economics Of Money, Banking & Financial Markets

ISBN: 126161

1st Edition

Authors: Massimo Giuliodori, Frederic S. Mishkin Kent Matthews

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