In retrospect (that is, after considering issues related to the Great Recession in the past few weeks), what do you think the causes of the crisis were?

Significant corrective actions have been taken by fiscal and monetary authorities. Were these actions sufficient? If not, what were the shortcomings?

If policymakers had taken hardly any action, in what shape do you think the economy would be now?

Explain and substantiate, particularly in light of our protracted Covid-19 experience.