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Global Political Economy Cohn - Chapter 1 questions with correct answers
- Vak
- Instelling
What caused the 2008 recession? CORRECT ANSWER MAINLY Subprime mortgages - reselling of subprime mortgages as mortgage-backed securities worldwide (Lehman Brothers bank goes bankrupt) - The US gov encourages banks to lower their interest rates -- inadequate regulation of the banks and other finan...
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