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Asset price deflation leads to financial crisis by increasing borrowers real burden of repaying their debts often follows a bubble in an asset market is often preceded by rampant speculation

Asset price deflation leads to financial crisis by increasing borrowers' real burden of repaying their debts. often follows a "bubble" in an asset market. is often preceded by rampant speculation about higher future asset preices. all of the above.

Apr 02 2020 View more View Less

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