Question: Masters level macroeconomics Question 3 maximum 4000 characters with spaces In many countries the recession after the global financial crises in 2008 lasted longer than

Masters level macroeconomics

Question 3 maximum 4000 characters with spaces

In many countries the recession after the global financial crises in 2008 lasted longer than the recession caused by the pandemic in 2020 and 2021. Discuss the likely reasons for this observation.

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