5. When a borrower is left with high debt but diminished assets this situation is called a....

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5. When a borrower is left with high debt but diminished assets this situation is called

a. an asset bubble.

b. a credit crunch.

c. financial contagion.

d. financial panic.

e. debt overhang.

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Macroeconomics In Modules

ISBN: 978-1464139055

3rd Edition

Authors: Paul Krugman ,Robin Wells

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