Great Recession 2008 – 2009

What caused to the Great Recession of 2008-2009? Address any monetary and fiscal policies that played a role before, during, and after the recession.
Has the crisis changed the structure of the U.S. economy?
Could a similar recession happen in the future, why or why not? Provide supporting facts for your opinions.
What economic advice would you offer to steer the economy away from such a deep and long recession?

Sample Solution