What Happened During the 2007-2009 Recession?

Anonymous
timer Asked: Jun 30th, 2018
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Question description

Respond to 2 classmates:

Comment on the analysis presented by your peers. Share your opinion on the fiscal and monetary policies identified by your peers, and use researched academic sources to support it.

Tutor Answer

RyanTopTutor
School: University of Maryland

check_circle RyanTopTutor marked this question as complete.

Running Head: 2007-2009 RECESSION DISCUSSION RESPONSE

2007-2009 Recession
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1

2007-2009 RECESSION DISCUSSION RESPONSE

2

POST 1 RESPONSE
The great recession started with housing prices failing hence there was the need for
Federal Reserve to respond to the subprime crisis when they added $ 24 billion in liquidity. The
recession was characterized by unemployment peak of about 10 per cent with 12 million jobs
being lost within one year (Mian, & Sufi, 2014). ...

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Anonymous
Outstanding Job!!!!

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