1.Describe the process of financialization in relation to both the public and private sector. What were the causes and what were the effects? Also describe the relationship betweern the real sector and the financial sector with the two different perspectives (the textbook vs Kliman and Williams) we covered. Then explain the financial instability hypothesis and how it relates to financialization, as well as the financial crisis of 2007-09. Explain. 1.Describe the process of financialization in relation to both the public and private sector. What were the causes and what were the effects? Also describe the relationship betweern the real sector and the financial sector with the two different perspectives (the textbook vs Kliman and Williams) we covered. Then explain the financial instability hypothesis and how it relates to financialization, as well as the financial crisis of 2007-09. Explain