Question: Q 1 3 ( 6 points ) : How does a deterioration in the balance sheets of financial institutions cause a decline in economic activity?

Q13(6 points): How does a deterioration in the balance sheets of financial institutions cause a decline in economic activity?
Q14(7 points): What is the shadow banking system, and why was it an essential part of the 2007-2009 global financial crisis?
 Q13(6 points): How does a deterioration in the balance sheets of

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