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In the video What lessons from the 2008 financial crisis can be applied to coronavirus economic fallout?, David Wessel of the Brookings Institution makes the
In the video "What lessons from the 2008 financial crisis can be applied to coronavirus economic fallout?", David Wessel of the Brookings Institution makes the following observations: Question 47Answer a. The coronavirus crisis, unlike the previous financial crisis, was caused by an imbalance in the financial system b. Monetary policy, the Fed's emergency powers, and a large fiscal stimulus by Congress would be required c. Consumer spending was not a concern, since some businesses would make money in spite of the shutdown d. Each of these answers is correct
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