Question
Consider the financial crisis 2007-2009 in USA. Explain the effect of this crisis on USA's GDP in long-run? Explain the effect of this crisis on
Consider the financial crisis 2007-2009 in USA.
- Explain the effect of this crisis on USA's GDP in long-run?
- Explain the effect of this crisis on USA's inflation rate in long-run?
- Explain the effect of this crisis on USA's labour market in long-run?
4.Explain the effect of this crisis on the levels of Americans' consumption in long-run?
5.Explain the effect of this crisis on the levels of USA's investment in long-run?
6.Explain the effect of this crisis on USA government's Budget in long-run?
7.Assume that you are a policy maker in USA's government and central bank; how you can
8.recover the crisis by changing macroeconomic variables?
9.During the crisis, How USA can recover its output gap if it faces an expansionary gap?
10. During the crisis, How USA can recover its output gap if it faces a contractionary gap?
Please give detail explanation, which means more words ( around 200).
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Justice In A Global Economy Strategies For Home, Community, And World
Authors: Rebecca Todd Peters, Pamela K Brubaker, Laura A Stivers
1st Edition
0664229557, 9780664229559
