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In 2007, the U.S. housing market crashed. These losses for banks also undermined the stock market and business activity, causing a -8% contraction in the
In 2007, the U.S. housing market crashed. These losses for banks also undermined the stock market and business activity, causing a -8% contraction in the U.S. economy. By 2010, economic growth was positive and relatively healthy. This is an example of a ____________
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