A) The recent Great Recession of 2008-2009 has had significant impact on a wide range of corporate performance. What impact would you predict it had on leverage? Would financial leverage have increased, decreased, or remained the same? What about operating leverage? Why? please elaborate and explain
B) What do you think is the relationship between a firm's operating leverage and its financial leverage? Do you think the two measures are positively correlated, negatively correlated, or unrelated? Elaborate and explain your answer.