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12 June, 02:10

Did the federal government respond to the Great Recession of 2007-2009 with the right policy tools? Why or why not?

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  1. 12 June, 06:08
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    Yes, the federal government responded to the great recession of 2007-09.

    Explanation:

    The United States endured the most serious post-war depression between December 2007 and June 2009.

    The economic crisis of 2007-09 was long enough to call itself the "Great Recession" and accompanied by a lengthy and exceptionally slow recovery. The financial crisis was deep and severe enough.

    The subsequent recessions have been followed by two types of policy mechanisms: monetary and fiscal.

    Monetary policy is used to preserve low-interest rates and reduce unemployment both during and after depression, which is the Act regarding the Federal Reserve.
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