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In your own words, explain the following: (i) How the 'Great Lockdown' was different to past financial crises? (5 marks) (ii) Why financial crises re-occur?

In your own words, explain the following: (i) How the 'Great Lockdown' was different to past financial crises? (5 marks) (ii) Why financial crises re-occur? (5 marks) it better for central banks to intervene or not? (10 marks)

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