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Check all of the following that are true about the housing market crash in the mid to late 2000s. Question 58 options: an example of
Check all of the following that are true about the housing market crash in the mid to late 2000s. Question 58 options: an example of fiscal policy, TARP was $5 billion worth of taxpayer money lent to the banks to prevent more of them from collapsing by September 2008, large investment firms such as Lehman Brothers, Bear Stearns, and AIG began to collapse, and with the credit market frozen, the entire economy began to slow dramatically the government's ultimate solution to the financial crisis was to bail out the banks with the Troubled Asset Relief Program, or TARP following TARP, the banks stopped collapsing but still failed to make a lot of loans to consumers and businesses, thereby making it harder for the economy to recover from the Great Recession
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