Paper Topic:

Economics for business

Economics for business

Name

University

Course and course code :Economics for business ECO 4300

Tutor

Date : April 23 , 2009 (a ) How successful has the government and the Federal Reserve been in running the American economy over the last three years

The United States of America economy is considered to be the largest national economy on the globe , given that its Gross Domestic Product is over 14 trillion USA dollars in the latest world economic records of 2008 . This shows that the major policies that are undertaken in the United

States have an influence on the other economies around the world either to the developing or the developed economies . In the recent past the united states of America in conjunction with the Federal Reserve have managed to undertake a number of macroeconomic policies , that the economists and other financial analysts could deem as to have resulted to both negative and positive effects in the United States of America and other nations in the world . Some of these successes are analysed in this question in relation to the different policies , which were undertaken in the past three years prior to the current economic crisis . On the positive side , some of the macroeconomic policies which were implemented by the Federal government as well as the Federal Reserve lead to the boom in the housing sector . The policy that was implemented with an intention to reduce the level of interest rate , as well as the loosening the lending requirements in the mortgage sector of...

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