Problem
1. What prevented the financial crisis of 2007-2009 from becoming a depression?
2. What are the two types of asset-price bubbles? Which type poses a bigger threat to the financial system? Why?
3. How should central banks respond to assetprice bubbles?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.