D Question 9 1 pts The massive expansion of bank-created credit that preceded the crash of 2008 ... Caused high inflatio

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D Question 9 1 Pts The Massive Expansion Of Bank Created Credit That Preceded The Crash Of 2008 Caused High Inflatio 1 (59.65 KiB) Viewed 35 times

D Question 9 1 pts The massive expansion of bank-created credit that preceded the crash of 2008 ... Caused high inflation Caused house prices to fall. Caused deflation Helped cause financial bubbles but not general inflation Question 10 1 pts Paper money Is the largest part of the world money supply Was always backed by equivalent amounts of gold Began solely with governments who had a monopoly of issuance Originated as an 'Ou' issued by private actors (who became bankers)