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Appropriate fiscal and monetary policy response followed

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Reference no: EM132331967

Attempt to briefly explain the great recession according to each of the following four business cycle theories:

1. New Keynesian

2. Real Business Cycle Theory

3. Monetarist

4. Austrian School

Use each of the four model perspectives to answer the question: how did this all happen? In your view, was an appropriate Fiscal and Monetary Policy Response followed?

Reference no: EM132331967

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