What did President George H. W. Bush and his advisers believe was causing the weakness in the U.S. economy in the fall of 1991?

Name: What did President George H. W. Bush and his advisers believe was causing the weakness in the U.S. economy in the fall of 1991?
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Question

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President George H. W. Bush and his advisers believed that a credit crunch, a situation where banks reduce lending due to perceived risks, was causing the weakness in the U.S. economy in the fall of 1991.

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