Understanding Economic Systems and Business

Paper details:

From 2008-2009 the economy experienced a very severe recession, with high unemployment, low consumer confidence, and a depressed housing market. To minimize the extent of the recession and to hasten recovery, both fiscal policy (government spending) and monetary policy (low interest rates and bond purchases) were used. What do you think of the federal government’s stimulus package, the bank bailouts, and related actions? How did the recession affect you, your friends, or your family? Support any opinions. To receive credit, you must post a thoughtful, well-worded response of at least 5 sentences. You are welcome to respond to other students’ posts, but the points come from your own post to my question.