Starting in 2008, the United States experienced the greatest economic calamity since the Great Depression. To combat rising unemployment, negative economic growth, and deflation, among other problems, the U.S. government employed instruments/policies from both the fiscal and monetary toolkits. Write an essay 1,250-1500 words regarding the impact of economic policy on the market. Address the following:1. Intro2.Describe the major problems of the “Great Recession.” What required immediate government action, from the perspective of many public officials? 3. Monetary policy: Describe how the Federal Reserve respond to the crisis. Be sure to discuss interest rates and open market operations. 4. Fiscal policy: Describe Congress’s response to the crisis. Be sure to discuss the American Recovery and Reinvestment Act of 2009. 5. Explain the goals of the fiscal and monetary policies employed. Address “stimulating aggregate demand” and the role of “increasing the money supply” in your response. 6. Evaluate the success in the policies 7. Conclusion Use two to three scholarly resources to support your explanations.Prepare this assignment according to the guidelines found in the APA Style Guide

In a critical essay, analyze how currency depreciation stimulates exports. Evaluate the three major approaches to analyzing the economic impact of currency depreciation: the elasticities approach, the absorption approach, and the monetary approach. Compare and contrast the three approaches and provide examples that distinguish them from each other.Directions:_Your essay is required to be five to six pages in length, which does not include the title page and reference pages, which are never a part of the content minimum requirements.Support your submission with course material concepts, principles, and theories from the textbook and at least three scholarly, peer-reviewed journal articles. Use the Saudi Digital Library to find your resources.Use Saudi Electronic University academic writing standards and follow APA style guidelines.It is strongly encouraged that you submit all assignments into Turnitin prior to submitting them to your instructor for grading. If you are unsure how to submit an assignment into the Originality Check tool, review the Turnitin—Student Guide for step-by-step instructions.Review the grading rubric to see how you will be graded for this assignment.-----This week, you have a Critical Thinking Assignment that is due. Please review the assignment directions now, and contact your instructor with any questions. Additionally, your next quiz encompassing material from Modules 11 and 12, which is a graded exercise for this module, must be completed by the end of this weekLearning OutcomesAnalyze how the exchange rate adjustments affect the balance of payments.Evaluate how currency depreciation stimulates exports.ReadingsRequired:Chapter 13 in International EconomicsSule, I., & Shuaibu, M. (2020). Current account behavior, real exchange rate adjustment and relative output in Nigeria. Journal of Economic Development, 45(3), 77-99.

Do some research on the country of Ethiopia and discuss: Who in the Ethiopian society has the most difficult time dealing with scarcity? What do they need most? How can their society provide for their wants and needs? Why are they so impoverished? What can their governments do to help, or hinder their country's development? Could Ethiopia become a world-class producer and exporter of goods? How would Ethiopia compare with Japan? Japan is a country relatively POOR in natural resources, yet it is an economic world powerhouse. What are the differences between the two countries?