Question: Our global economy is increasingly interconnected. Explain first how in our interconnected global economy a decrease in housing prices in large U.S. cities can end

Our global economy is increasingly interconnected. Explain first how in our interconnected global economy a decrease in housing prices in large U.S. cities can end up bankrupting Norwegian retires. And explain second how a flu outbreak in China can shut down businesses throughout the United States.

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Just like the Great Depression that preceded it 80 years earlier the causes of the Great Recession o... View full answer

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