Identifying the primary channels that depressed the economy during the Great Recession What are the two primary channels that depressed economic activity during the 2007-2009 Great recession and financial crisis? Identifying the four stages of the crisis What are the four stages of the crisis (refer to the blog post for this)? (1 pt) Identifying the most important channel Which one does Ben Bernanke think was the most important channel? (1 pt

Identifying the primary channels that depressed the economy during the Great Recession What are the two primary channels that depressed economic activity during the 2007-2009 Great recession and financial crisis? Identifying the four stages of the crisis What are the four stages of the crisis (refer to the blog post for this)? (1 pt) Identifying the most important channel Which one does Ben Bernanke think was the most important channel? (1 pt.) Determine the size of the contraction What was the size of the contraction? What was the percentage change in GDP?