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From 2007 to 2010, the Federal Reserve used many practices unfamiliar to the U.S. central bank. Respond to the following components as an economist representing
From 2007 to 2010, the Federal Reserve used many practices unfamiliar to the U.S. central bank. Respond to the following components as an economist representing the Keynesian school:
1.Recommend an alternative policy or method that could have better resolved the financial crisis if you were a decision maker (of monetary policy or fiscal policy) during the period.
2.Give advice, as a prominent Keynesian economist, to the Federal Reserve and/or federal policy makers to prevent future economic or financial crises?
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