What caused the recession


 

Please help with the following question

The topic is "The Current Financial Crisis: Strategies to Overcome it." In this write-up, you will have to use some of the insights from this course and analyze the current problems we are facing in the economy. As you have been reading, it is now officially declared that the US is in a recession. This means that the nation is experiencing negative economic growth (this is similar to a firm experiencing declining sales). Your write-up should include (not necessarily in this order) the following points:

What caused the recession? Consider short-term as well as long-term causes.

Who (and what policies) are to blame for this?

How can the new administration start getting the economy out of this mess.

What specific strategies might be needed? (Evaluate the current strategies, and suggest others if you don't like the current ones.

Do you think the US can recover fully from the current crisis?

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Business Economics: What caused the recession
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