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a) Briefly describe what happened in the Global Financial Crisis (GFC) of 2008- 11? b) Analyze graphically the impact of GFC on the loanable fund

a) Briefly describe what happened in the Global Financial Crisis (GFC) of 2008- 11?

b) Analyze graphically the impact of GFC on the loanable fund market.

c) The central banks in the advanced economies used Quantitative Easing to grapple with GFC. Explain how this move will affect your answer in (b).

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