Recession DBQ Econ.docx - The three main goals for the...

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The three main goals for the economy is to fulfill full employment, price stability, and which lead to economic growth. These goals were active after the creation of The Employment Act of 1946 in the recovery of the Great Depression. With this, it helps the economy with keeping money circulated and increase Gross Domestic Product (GDP). Now, imagine if there is an occurrence of downhill in the business cycle? What happens when unemployment increases and the nation’s economy starts to slow down? There are specific tools that the government uses when the country is going through any economic crisis. After financial institutions started to fail, home interest rates started to rise; some American car dealerships were facing bankruptcy, the nation entered a crisis called the Great Recession of 2008. This situation leads to the question: What tools did the government use to address the Great Recession and how effective were they?

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