What role do such frictions play in the financial crisis, Macroeconomics

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What role do such frictions play in the financial crisis

Problem

What are financial frictions, and what role do such frictions play in the financial crisis? How does a financial friction enter the IS/MP diagram and the AS/AD framework?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: What role do such frictions play in the financial crisis

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Macroeconomics: What role do such frictions play in the financial crisis

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