1. Specify the exact duration and severity of the 2008 recession. 2 points
2. Identify and explain the root causes of the 2008 recession. 6 points
3. Identify the three individuals, firms or agencies that, in your opinion, contributed the most to the recession and explain your answer. 4 points
4. Explain the economic actions or controls the U.S. implemented to fight the 2008 recession, and how effective they were in fighting recession. 4 points
5. Identify any actions the US failed to take in fighting the 2008 recession. 2 points
6. Explain the role of moral hazard in the recession and the recovery. 2 points