Microeconomic

Individual Assignment for TECO601/TECO602: Macroeconomics To acknowledgment the afterward questions, acceptance should use a sum of accordant bread-and-butter theories (if require) for the absolution of their answers. Acceptance can additionally use abstracts (i.e., accumulation and appeal curves) for presenting their answers Consider the banking crisis 2007-2009 in USA. 1. Explain the agent of this crisis. Provide a arbitrary of this crisis, consisting of the reasons of this crisis, and the across and admeasurement of the crisis. Identify countries and markets complex in the crisis (200 words). (1 mark) Now, accept that the crisis has been continuing for 10 years. We alarm this aeon as a continued run period. 2. Explain the aftereffect of this crisis on USA’s GDP in long-run? (200 words) (3 marks) 3. Explain the aftereffect of this crisis on USA’s aggrandizement amount in long-run? (200 words) (2 marks) 4. Explain the aftereffect of this crisis on USA’s labour bazaar in long-run? (200 words) (2 marks) 5. Explain the aftereffect of this crisis on the levels of Americans’ burning in long-run? (200 words) (2 marks) 6. Explain the aftereffect of this crisis on the levels of USA’s advance in long-run? (200 words) (3 marks) 7. Explain the aftereffect of this crisis on USA government’s Budget in long-run? (200 words) (2 marks) 8. Accept that you are a action maker in USA’s government and axial bank; how you can recover the crisis by alteration macroeconomic variables? (500 words) (4 marks) 9. During the crisis, How USA can balance its achievement gap if it faces an expansionary gap? (200 words) (3 marks) 10. During the crisis, How USA can balance its achievement gap if it faces a contractionary gap? (200 words) (3 marks)

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