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AssignmentMultiple Select

5.4 Economic Policy: Influential Theories

Question 1 • MCS Economics BL

According to the Fed, what were the major problems during the financial crisis of 2008? Check all that apply.

Answer
A
The money supply became less liquid.
B
Consumer spending increased dramatically.
C
Lending and credit stopped.
D
Banks were too easily able to fulfill consumer demands for loans.
E
It was difficult for banks to receive the loans needed to have cash required to function.
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