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Unformatted text preview: 3. credit rating agencies asleep 4.congress relaxed regulations firms took crazy risks Lehman fails 9/15/2008 crisis of confidence 9/17 + 9/18 financial mkts near "systemic collapse" Demand schedule table of P+ Quality demanded Law of demand "all else equal, inverse relationship P+quality demanded...
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This note was uploaded on 05/25/2011 for the course ECON ECON 201 taught by Professor Amsler during the Spring '11 term at Michigan State University.
- Spring '11