Discuss the perfect storm of conditions that precipitated the Great Recession of 2007

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Discuss the perfect storm of conditions that precipitated the Great Recession of 2007 Instructions: Delineate your responses as 1(a), 1(b), etc. where warranted. Failure to do so will result in the forfeiture of 5 points.

  1. (a) Discuss the perfect storm of conditions that precipitated the Great Recession of 2007. (b) What did the government and the Fed do in response?
  2. (a) Classicalists just dont believe in monetary policy at all. Why? (b) Keynesians and Monetarists dont believe in monetary policy in the long run, but have different opinions on the effectiveness of monetary policy in the short-term. Why?
  3. The Trans-Pacific Partnership (TPP) is a contentious topic, particularly among the front-running Republican presidential candidates. Why?
  4. Creative...

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