Starting In 2008, The United States Experienced The Greatest

Starting In 2008 The United States Experienced The Greatest Economic

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 and policies from both the fiscal and monetary toolkits. Write an approximately 1,000-word essay regarding the impact of economic policy on the market. Address the following:

1. Describe the major problems of the “Great Recession” and what immediate government actions were required from the perspective of many public officials.

2. Explain how the Federal Reserve responded to the crisis, discussing interest rates and open market operations.

3. Describe Congress’s response to the crisis, including the American Recovery and Reinvestment Act of 2009.

4. Discuss the goals of the fiscal and monetary policies employed, specifically focusing on stimulating aggregate demand and increasing the money supply.

5. Evaluate the success of these policies, supported by two to three scholarly resources.

Prepare this assignment according to the guidelines found in the APA Style Guide.