how the government dealt with the 2008/2009 economic recession. In the paper, you must analyze the followings:
1. How is the 2008/2009 economic recession defined? What are the indicators?
2. fiscal and monetary policies implemented (applying the concepts learned from the book)
3. Policies' impacts on the economy. (applying the aggregate demand and supply concepts)
4. Your personal view about the effectiveness of the policies and recommendation.