- Comparison of Events: What was the extent of economic decline in each of the two events? Discuss in terms of GDP, unemployment, and other major economic variables.
- Government Reactions: Compare changes in the government reactions to the initial shocks to the economy and the initial adjustments to the regulation of business and financial institutions.
- Effects on Business Decision-Making: Compare the effects of the shocks on the economy to business decision-making in the public sphere during the relevant time periods.
- Economic Models: How did the nature of economic models and their use in policy making change during these time periods?
Sample Solution
