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Match the following statements to the financial crisis stage that is being described. Economic activity slows down, [Choose leading to a decline in the velocity

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Match the following statements to the financial crisis stage that is being described. Economic activity slows down, [Choose leading to a decline in the velocity of Debt deflation money and the price level. This Moral hazard decline in the price level causes real Banking Crisis interest rates to rise and increases Credit boom-bust personal and business bankruptcies. Debt inflation Asset price boom-bust Lenders to the investment bank Beat Leverage paradox USC Stearns refuse to rollover repos and, as a result, Bear Stearns risks becoming insolvent. [Choose Scrip prices for the First Bank of the United States rapidly increase in value and then decline shortly thereafter. [ Choose Mortgage lenders start relaxing lending standards in order to make more loans and eventually, many borrowers are unable to repay their debt

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