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The U.S. economy is over a decade removed from the Great Recession. For several years after the Great Recession officially ended, the U.S. grew at
The U.S. economy is over a decade removed from the Great Recession. For several years after the Great Recession officially ended, the U.S. grew at an historically slow rate. Analyze the causes of the slow increases in U.S. GDP. Include in your paper:
- An analysis of the monetary policy approach the Federal Reserve took to the recovery
- An analysis of the fiscal policy approach the Federal Government took to the recovery
- An analysis of how the attempts to influence GDP in the short-run negatively affect GDP in the long-run
- An explanation of why the unemployment rate dropped rapidly in the United States despite low rates of increases in GDP
- An identification, as appropriate, of the economic principles (from Module 1) that factor into your analysis
Please provide scholarly references if possible so I may learn more about the topic. Thank you.
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