In: Economics
What Have we Learned from the 2009 Financial Crisis?
This is an involved topic, you need to read the linked pages carefully and respond.
You can also refer to other Federal Reserve Bank or Government
sources www.bea.gov to bolster your argument or
conduct more research on the topic.
Please read the pages in the following link CAREFULLY AND
COMPLETELY, and answer the following questions briefly
(not more than five sentences for EACH response). Make sure you
offer Economic Reasoning for your responses. You can use any
relevant economic topic from any chapter we have covered so
far!
https://www.sffed-education.org/econanswers/crisis
1. Explain the role of incentives in the housing loan and credit
markets particularly with Subprime loans
2. How did the mortgage crisis impact the financial system?
3. Explain the Credit Crunch that happened, and how that impacted
the economy further.