Consider the financial crisis 2007-2009 in USA.

1. Explain the origin of this crisis. Provide a summary of this crisis, consisting of the reasons

of this crisis, and the breadth and extent of the crisis. Identify countries and markets involved in the crisis

Now, assume that the crisis has been continuing for 10 years. We call this period as a long run period.

2. Explain the effect of this crisis on USA's GDP in long-run?

3. Explain the effect of this crisis on USA's inflation rate in long-run?

^{only question 2 and 3}