Business, 31.12.2019 03:31 whereswoodruff

Financial crisesa) are major disruptions in financial markets that are characterized by sharp declines in asset prices and the failures of many financial and nonfinancial firms. b) occur when adverse selection and moral hazard problems in financial markets become more significant. c) frequently lead to sharp contractions in economic activity. d) are all of the above. e) are only a and b of the above

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Financial crisesa) are major disruptions in financial markets that are characterized by sharp declin...