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a. How does the rapid decline of the housing market and the subprime implosion affect the macroeconomy? b. Why the monetary policy was not being
a. How does the rapid decline of the housing market and the subprime implosion affect the macroeconomy?
b. Why the monetary policy was not being effective to stimulate the economy?
c. And why, pray tell, would we bail out the banks? Aren't there potential long-run problems with doing this?
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