Should we be concerned, Is the neoclassical model correct

Should we be concerned

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Reference no: EM132132899

Question: Is the neoclassical model correct in its prediction that there will be a global equilibrium in which all nations have the same real GDP per person? China is 200 times the population of Hong Kong and 4 times the population of the United States. This brings the obvious question: Should we be concerned?

The fall of 2008 saw the biggest financial crisis since the Great Depression. Essentially securities, such as mortgage-backed securities, lost value and many financial institutions became insolvent. These institutions, such as Fannie Mae, Freddie Mac, Bear Sterns, AIG, and others were considered "too large" to fail. Why?

Reference no: EM132132899

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