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2 Thank you for your time! Choose a recession either in the U.S. or another country. Use the tools we have learnt in class to
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Choose a recession either in the U.S. or another country. Use the tools we have learnt in class to analyze the government's responses to the recession. You can use the following questions to help structure your analysis (feel free to include any other analyses) 1. Describe the recession (e.g. give some background, why did it start, what was the consequences , . . .) . What was the scal policy implemented to help the economy recover? Using the Aggregate demand - Aggregate supply framework that we see in class, analyze how the government's policies affect the economy? Was the policies effective? Explain if there were some complications arised when implementing the policy. What was the effect of the implemented fiscal policies on national debt? . Did the government use conventional or unconventional monetary policies, or both? What effect did it have on interest rate and money supplyStep by Step Solution
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