Question

What were the biggest differences in the Fed's response to the Great Depression relative to the...

What were the biggest differences in the Fed's response to the Great Depression relative to the Great Recession?

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Fed was not working actively during the great depression. Thus it was not using monetary policy active to correct the fall in the aggregate demand in economy. Thus, depression was prolong and long lasting.

During the great recession that occured in 2007-08, the role of Fed was well documented and Fed acted swiftly to correct disequilibrium in economy. Thus recession was not prolong and long lasting.

Add a comment
Know the answer?
Add Answer to:
What were the biggest differences in the Fed's response to the Great Depression relative to the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT