ECON MACRO
5th Edition
ISBN: 9781337000529
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 15, Problem 4.8P
To determine
Role of fed during the great recession.
Introduction:
Great recession of 2008 was a major economic downturn that originated in USA and spread all over the world. The main reason behind this was the financial crisis of 2008 that took place due to bad mortgage lending by the banks and financial institutions.
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