Attached. Please let me know if you have any questions or need revisions.Running Head: THE IMPACT OF ECONOMIC POLICY ON THE MARKETThe Impact of Economic Policy on the MarketInstitution AffiliationDate1THE IMPACT OF ECONOMIC POLICY ON THE MARKET2IntroductionThe Great Recession of 2008 refers to the general decline in national economies aroundthe world. This crisis was considered by multiple financial analysts and economic experts,including the International Monetary Fund (IMF), as the most severe economic crisis. Thefinancial constraints mainly focused on the financial institutions, such as banks’ inability tooffers loans to businesses and households. The Federal government intervened in the Greatrecession through several monetary policies such as reduced long-term interests rates and openmarket operations. The Congress also addressed the issue through fiscal stimulus policies such asthe Economic Stimulus Act of 2008, the Troubled Asset recovery program (TARP) and, theAmerican Recovery Act and Reinvestment Act of 2009 (ARRA).The major problems of the “Great Recession.”The Great Recession is considered to be a financial crisis that significantly weakened theAmerican economy. As a result of this recession, the United States recorded a significant declinein its Gross Domestic Product (GDP) at 0.3% by 2008 (Pollin, 2014). This followed with acontraction in the GDP by 2.8% by 2009. From the perspectives of multiple public officials suchas financial analysts and economic experts, the Great Recession was regarded as the most severecrisis after the 1930 Great Depression. The government was compelled to intervene in thesituation because the Central Bank and Federal institutions missed the signs of this imminentshake to the economy. Besides, this financial crisis threatened the economic stability of manystates around the world. This crisis resulted in a rise in the federal deficit by $152 billion. TheAmerican economy experienced increased unemployment, surging poverty and a plunge in thestock and housing market which necessi…
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