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Answered Same Day Sep 23, 2021

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Alomita answered on Sep 24 2021

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CONSUMER ISSUE : RECESSION
As we all are aware about the ho
ific recession during 2008 to 2009 and its aftermath , not knowing actually what went wrong , the economists are still wondering about which factor triggered that financial crisis. One of the most common identified causes is the housing buble burst in 2007 which leaded to a high rate of mortgages. These bad mortgages led to a banking crisis. A global recession was inevitable. There are a number of plausible conditions for this financial crisis. Many suggests that the...

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