What caused the recession of 2008
What caused the recession of 2008? Examining some macroeconomic statistics describing the current situation of the U.S. economy, in your estimation, have we recovered from the 2008-2009 downturn, and are we in an expansionary phase towards new times of prosperity?
Prominent Keynesian economists, both inside and outside of official government positions, advocate using aggressive monetary and fiscal policies to “re-flate” (i.e. eliminate “deflation”) the sluggish economy. Would such policies be wise and effective? Explain.
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