Consider the financial crisis 2007-2009 in USA. Now, assume that the crisis has been continuing for 10

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Consider the financial crisis 2007-2009 in USA.

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 marks)

3.Explain the effect of this crisis on USA's inflation rate in long-run? (2 marks)

4.Explain the effect of this crisis on USA's labour market in long-run? (2

marks)

Posted Date: Jun 25, 2024 09:24 PM

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Consider the financial crisis 2007-2009 in USA. Now, assume that the crisis has been continuing for 10

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