1. Chapter 20 Causes, Curses, and Consequences of the Great Recession
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2. Exhibit 20-1 The U.S. Financial Crisis Spilled over to the Other Sectors
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3. Exhibit 20-2 Percentage Change in U.S. Real GDP: 1999-2013
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4. Exhibit 20-3 U.S. Civilian Unemployment Rate: 1999-2013
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5. Exhibit 20-4 U.S. Unemployment Duration and Employment-to-Population Ratio: 1999-2013
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6. Exhibit 20-5 U.S. Inflation Rate: 1998-2013
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7. Exhibit 20-6 S&P 500 and Dow Jones Industrial Average: 1999-2013
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8. Exhibit 20-7 Paradox of Leverage
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9. Exhibit 20-8 Nominal and Real Median U.S. Housing Prices: 1980-2013
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10. Exhibit 20-9 Net Income of Fannie Mae and Freddie Mac: 2000-2013 (Q2)
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11. Exhibit 20-10 Subprime Mortgage Originations: January 2000-July 2007
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12. Exhibit 20-11 The Paradox of Thrift
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13. Exhibit 20-12 U.S. Saving as a Percent of Personal Income: 1999-2009
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14. Exhibit 20-13 Homeownership Rates in the United States: 1990-2013
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15. Exhibit 20-14 From Regulated to Deregulated Financial Markets: 1933-2020
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16. Exhibit 20-15 Major Acts That Deregulated the U.S. Financial Industry
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17. Exhibit Continued
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18. Exhibit 20-16 Six-Month Treasury Bill and 30-Year Mortgage Rates: 1999-2013
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19. Exhibit 20-17 The Housing Crisis Caused U.S. Aggregate Demand to Fall
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20. Exhibit 20-18 Chronology of Major Events During the U. S
Exhibit Chronology of Major Events During the U.S. Financial Meltdown:
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21. Exhibit Continued
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22. Exhibit 20-19 Solving the Insolvency Problem
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23. Exhibit 20-20 Selling Toxic Assets to the Government or Fed Only Transfers the Problem
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24. Exhibit 20-21 Purchasing Bank Stock Has Serious Implications
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25. Exhibit 20-22 Financial Effects of a Government Funding Bank Assets and Stock Purchases
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26. Exhibit 20-23 Financial Effects of a Central Bank Funding Bank Assets Purchases
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27. Exhibit 20-24 Effects of Expansionary Fiscal Policies
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28. Exhibit 20-25 Major Expansionary Fiscal Policy Measures: 2008-2009
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29. Exhibit 20-26 Effects of Expansionary Monetary Policy
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30. Exhibit 20-27 Measuring the Burden of Bailing Out the Leaders of Large U.S. Financial Institutions
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31. Exhibit 20-28 Increase in U. S
Exhibit Increase in U.S. (Adjusted) Monetary Base: January 2000-September 2013
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32. Exhibit 20-29 Major Expansionary Monetary Actions: 2007-2009
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33. Exhibit 20-30 U.S. Federal Deficits/Surpluses as a Percent of GDP: 1995-2012
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34. Exhibit 20-31 The Securitization Process
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