Illustrate three characteristics of economic fluctuations

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Reference no: EM131387741

1. Does the Great Depression illustrate the three characteristics of economic fluctuations? Explain your answer.

2. Does the effectiveness of monetary policy depend on inflation expectations? Explain.

3. Discuss the ways in which the 2008 Troubled Asset Relief Program (TARP) had some of the characteristics of monetary policy, and some of the characteristics of fiscal policy.

Reference no: EM131387741

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