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Financial crises adversely affect both developed and developing countries. However, based on research findings, the degree to which they are affected varies. A. Explain why
Financial crises adversely affect both developed and developing countries. However, based on research findings, the degree to which they are affected varies. A. Explain why the increase in unemployment is much higher in developed countries than in developing countries. (8 points) B. The decrease in per capita GDP is smaller in developed countries than in developing countries. Explain why. (7 points)
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