Ab 204 Macroeconomics: The Great Assessment Answer

Choose the 10-year period of history between 1950 and today that you are going to research for your final project, and discuss it in this discussion forum. What is it about this period of history that interests you?

What are some major economic events that took place during this period? In your response posts to your peers, make a comparison between economic events of the decade they chose and a current economic event.

Answer:

This paper examines the notable changes in the economy between the 2000 and 2010. The economic events that took place between the year 2000 and 2007 in the United States and other countries across the world

resulted in largest economic downturn commonly referred to as the Great Depression. The period of 2000-2007 was characterized low inflation, robust economic expansion, and falling unemployment. During this time, the United States and other countries encountered rapid increase in house prices. The banks were more aggressive and even engaged in risk lending. For example, in America, mortgage firms and banks loosened their criteria of offering loans. Many house owners secured large mortgages with limited checks on their capability to repay (Rosenberg, 2012).

In 2006, the house prices began to fall resulting in a rise in mortgage defaulters. It was during this time when banks realized that they had made an enormous loss through mortgage defaults. These banks encountered significant liquidity challenges and were struggling to meet the demands of the market. As a result, the financial institutions reduced loans and mortgages considerably making difficult for persons to secure money for investments. This global credit crisis led to great depression in 2007 characterized by high unemployment and negative or low economic growth (Koch, 2016).

The interesting event during this period was how the governments responded to curb the effects of the great recession. For instance, in the United States, the federal bank reduced the bank rate to almost zero and also gave banks emergency loans to prevent their collapse. The central bank of United Kingdom reduced the bank rate from 5% to 0.5% to improve liquidity. The great depression ended 2009 towards 2010 although its effects are still present in many countries all over the world today (Koch, 2016).

References

Koch, C. R. (2016). Bank Leverage and Regulatory Regimes: Evidence from the Great Depression and Great Recession. American Economic Review, 106(5) , 538-542.

Rosenberg, J. M. (2012). The concise encyclopedia of the great recession 2007-2012. Lanham, Md: Scarecrow Press.


Buy Ab 204 Macroeconomics: The Great Assessment Answers Online

Talk to our expert to get the help with Ab 204 Macroeconomics: The Great Assessment Answers from Assignment Hippo Experts to complete your assessment on time and boost your grades now

The main aim/motive of the finance assignment help services is to get connect with a greater number of students, and effectively help, and support them in getting completing their assignments the students also get find this a wonderful opportunity where they could effectively learn more about their topics, as the experts also have the best team members with them in which all the members effectively support each other to get complete their diploma assignment help Australia. They complete the assessments of the students in an appropriate manner and deliver them back to the students before the due date of the assignment so that the students could timely submit this, and can score higher marks. The experts of the assignment help services at www.assignmenthippo.com are so much skilled, capable, talented, and experienced in their field and use our best and free Citation Generator and cite your writing assignments, so, for this, they can effectively write the best economics assignment help services.

Get Online Support for Ab 204 Macroeconomics: The Great Assessment Answer Assignment Help Online

Want to order fresh copy of the Sample Ab 204 Macroeconomics: The Great Assessment Answers? online or do you need the old solutions for Sample Ab 204 Macroeconomics: The Great Assessment Answer, contact our customer support or talk to us to get the answers of it.

Assignment Help Australia
Want latest solution of this assignment

Want to order fresh copy of the Ab 204 Macroeconomics: The Great Assessment Answers? online or do you need the old solutions for Sample Ab 204 Macroeconomics: The Great Assessment Answer, contact our customer support or talk to us to get the answers of it.