The GFC was caused by a combination of _____.

Name: The GFC was caused by a combination of _____.
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The Global Financial Crisis (GFC) was primarily caused by a combination of a negative aggregate demand (AD) shock and a negative long-run aggregate supply (LRAS) shock. The negative AD shock was due to a decrease in consumer and business spending, while the negative LRAS shock was related to a decrease in the economy's productive capacity, partly due to financial system disruptions.

The GFC Was Caused by a Combination of _____