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Watch the video “The Crisis of Credit Visualized” from this link: https://www.yo
Watch the video “The Crisis of Credit Visualized” from this link: https://www.youtube.com/watch?v=bx_LWm6_6tA and explain what caused the 2007-8 Great Financial Crisis. Also, read the article “The Global Financial Crisis in the AS-AD Model” and explain the following recession and the recovery with the AS-AD Model. Feel free to draw an AD-AS Graph.
Also go through the attached documents.
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