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65
What does the Debt Deflation Interpretation, by Fisher and Bernanke, say was the primary cause of the GD?
Primary cause: failure of credit markets - AI and Long-term relationships b/w lenders and borrowers
Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 11.12.2010