financial crisis, economics homework help

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Economics

Description

In a well-constructed presentation, identify four policies the government enacted following the financial crisis. Evaluate what effect these policies would have on the economy from both a short-run and a long-run perspective. Be sure to include:

  • The distinction between the short-run and long-run economic views and what determines economic output in the relative time periods
  • A definition of the measures used to determine economic success in the different time periods
  • A link from each policy back to these distinctions and measures.

Adhere to the following standards:

  • Your paper should be six to ten pages in length, not including the title or references pages.
  • Review the grading rubric, which is found in the Week 8 folder.
  • Incorporate at least five scholarly references that are not required readings for this module. The CSU-Global Library is a good place to find these references.

Be sure to follow the CSU-Global Guide to Writing and APA Requirements.

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Explanation & Answer

Attached.

Running Head: FINANCIAL CRISIS

1

Financial Crisis
Name
Course
Tutor
Date

FINANCIAL CRISIS

2

The lessons learned from some of the recent and past financial crisis cannot be forgotten
by any citizen who aspires for the financial stability and economic prosperity of the country.
Therefore, there is need to identify, develop and implement some essential policies and reforms
that will ensure there are no possibilities of the financial crisis in the future. The suggested
policies should be designed to ensure there is the creation of stable and efficient financial
systems which will also reflect on the economic prosperity of the country’s economy. Besides,
some of the other objectives of the possible suggested policies the government should enact after
the financial crisis include the reduction of the risks and costs of the future systematic financial
crisis in the highly efficient manner. This is at the lowest costs to enhance the growth and
productivity of the economy which will be determined by the gross economic product of the
country. The paper will also concentrate on the impacts the policies will have on the financial
performance in both the short run and long run perspectives. The article will also mention what
determines the economic output in the relative period before providing the definitions of the
measures which are used to determine the economic success in different economic times. The
link to each policy to the distinctions and measures will also be included in the paper. To stop the
recurrence of the financial crisis, it would far recommend transforming the destructive
government housing policies that have indeed led us to the point than to enact a new policy that
will, however, hinder the quick recovery and also obstruct the future economic growth and
development.
The prevailing financial crisis in the country is not as some have asserted by terming it a
crisis of capitalism. Surprisingly, it is the opposite, since it is a shattering demonstration that the
ill-preferred government intervention in the private economic sector can have devastating
economic effects. The financial crisis has its origin in the United States government efforts to

FINANCIAL CRISIS

3

expand the homeownership, particularly among the minority groups and other underserved or
even the low-income groups, and to do so by the hidden financial subsidies as opposed to the
direct government expenditures. Another common cause of the financial crisis is the rapid
appreciation of the asset price, with the housing being the current asset. It was surprising that the
house prices in the United States rose by more than 30% from 2003 to the start of the financial
crisis in the country. Since the houses are utilized a...


Anonymous
Really great stuff, couldn't ask for more.

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