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Consider the financial crisis 2007-2009 in USA. Assume that the crisis has been continuing for 10 years. We call this period as a long run

Consider the financial crisis 2007-2009 in USA.

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

1.Explain the effect of this crisis on USA government's Budget in long-run?

2.Assume that you are a policy maker in USA's government and central bank; how you can recover the crisis by changing macroeconomic variables?

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