Consider the financial crisis 2007-2009 in USA

5.Explain the effect of this crisis on the levels of Americans' consumption in long -run?(2marks)

6.Explain the effect ofthis crisis on the levels of USA's investment in long-run? (3 marks)

7.Explain the effect of this crisis on USA government's Budget in long-run?(2marks)

8.Assume that you are a policy maker in USA's government and central bank; how you can

recover the crisis by changing macroeconomic variables? (4marks)