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Question 1 The US economist Hyman Minsky famously wrote: Stability leads to instability. The more stable things become and the longer things are stable, the

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Question 1 The US economist Hyman Minsky famously wrote: "Stability leads to instability. The more stable things become and the longer things are stable, the more unstable they will be when the crisis hits." Discuss this quote and rigorously relate it to economic theory and what you have learned about financial instability and crises. (8 points)

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