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1. Describe the role of uncertainty at the beginning of and in the unfolding of a financial crisis. 2. What are the effects of a

1. Describe the role of uncertainty at the beginning of and in the unfolding of a financial crisis.

2. What are the effects of a financial crisis on short-run aggregate supply? How might long-run aggregate supply be affected? [Note, you DO NOT need to illustrate with a graph, just explain

3. How is asymmetric information related to asset-price bubbles?

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