events of great recession
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real estate values down= wealth down= Consumption down= AD down
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stock market down= wealth down= C down= AD down
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resources used inefficiently (human cap, etc.)= LRAS down, SRAS down
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real estate values down= Mortage backed securities down= breakdown in LF market= physical cap is not accumulated fast enough= LRAS down
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Dodd frank act= slows down (F market= LRAS down, SRAS down
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