Project #122529 - economic

2) Two writing assignments on the Great Recession and the Federal Reserve. Write a maximum of 2 pages (minimum of a page) on each topic by answering the specific questions. [2 points each] 2.1 The Great Recession (Refer your text book and/or any other source) § Briefly discuss the causes of the Great Recession. When did the recession occur? § Mention some of the banks that failed. What does ‘bailing out the banks’ mean? § What is the difference between the financial crisis and the recession? § What policy did the US government use to combat the recession? What policy did the Federal Reserve use to combat the recession? § Why is it termed as a recession, and not a depression? 2.2 The Federal Reserve (Refer your text book, federalreserve.gov and/or other sources) § When was the Federal Reserve created and why? § Federal Reserve is considered as the ‘lender of the last resort’. Why? § Who owns the Federal reserve? OR is the Fed an independent body? § What is the duty of the Federal Open Market Committee? § Mention the last three Chairpersons of the Federal Reserve including the current chair.

Subject Business
Due By (Pacific Time) 04/18/2016 12:00 am
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