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First picture is for 2007-2009-Second picture is period between 1922 and 1939.Compare the typical scales of the velocity declines during the recessions shown . Were
First picture is for 2007-2009-Second picture is period between 1922 and 1939.Compare the typical scales of the velocity declines during the recessions shown . Were the 1929-1933 and 2007-2009 periods special? What role might wealth have played in these two episodes.
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