4. A severe banking crisis typically leads to a. a deep recession followed by a quick recovery....

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4. A severe banking crisis typically leads to

a. a deep recession followed by a quick recovery.

b. a deep recession followed by a slow recovery.

c. a shallow recession followed by a quick recovery.

d. an asset bubble.

e. an increase in shadow banking.

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Macroeconomics In Modules

ISBN: 978-1464139055

3rd Edition

Authors: Paul Krugman ,Robin Wells

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