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In 2008 the United States economy experienced a significant economic contraction, causing the creation of a large recessionary gap (generally estimated to be $2-3 Trillion).Now
In 2008 the United States economy experienced a significant economic contraction, causing the creation of a large recessionary gap (generally estimated to be $2-3 Trillion).Now imagine that the United States government did nothing to stop this contraction or shrink the recessionary gap .
What you think the US economy would look like today if the government had done nothing in 2008. Focus on any of the economic measurements (real GDP, economic growth, business cycles, unemployment, etc.).
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