answer the questions for course name financial institutions and markets

Answer the questions completely.
Question 1. Identify and describe the three stages of a financial crisis in an advanced economy and explain why they can cause economic activity to decline.

Question 2. Identify and describe the stages in regards to the great depression.

Question 3. Identify and describe the stages in regards to the financial recession of 2008.

Important Notes:
– Use your own words.
– Answer the questions completely. ( BUT do not make it too long. 4-5 sentences for each question )

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