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ECON 301 US Economy and The Great Recession
ECON 301 US Economy and The Great Recession
Instructions
Fed’s ‘Operation Twist,’ Explained In 4 Easy Steps
Note: Robert Smith has an Operation Twist explainer on Wednesday’s Morning Edition, complete with soundtrack. The story’s attached above.<o:p></o:p>
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NOTE: The following article may be found in the APUS library system.
McCallum, B. T. (2010). ALTERNATIVES TO THE FED?. CATO Journal, 30(3), 439-449.
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YouTube Video: Quantitative Easing
(Note: This version has two “non-academic” words in it at 2:06 and 3:17, so if you don’t want to hear them, you should use the following “edited” link)
(This is the slightly edited version with the two instances of “non-academic” language removed.This edit does not affect the content of the video.)
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Assignment: Read the articles “Fed’s ‘Operation Twist,’ Explained in Four Easy Steps,” and “Alternatives to the Fed?”and watch the YouTube video explaining Quantitative Easing (you’ll love this ). Then find additional articles in the library on the topic of America’s economic issues from 2008 to the present. Write a 500 to 750 word paper in APA format responding to the following questions.
1.1.Classify the U.S. economic system.
2.2.What were the immediate causes of the significant downturn (commonly referred to as the great recession of 2008)?
3.3.What has the U.S. government attempted to do to correct the situation?
4.4.Were the government’s steps effective? Why not, or how so?
Class Readings Discussion
Assigned Readings:
Chapter 11. Foreign Exchange, Trade, and Bubbles.
Chapter 12. More Realistic and Complex Pricing.
Initial Postings: Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter.Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion.
