1. How has the frequency and severity of recessions changed since WWII? 2. What influence did...

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1. How has the frequency and severity of recessions changed since WWII? 2. What influence did Keynesian Theory have on fiscal policy following WWII? What are the strengths and weaknesses of Keynesian policy? What was the overall effect of this policy during the Keynesian era? 3. How were fiscal and monetary policies different during the Korean War than previous wars? 4. There were recessions under Eisenhower, JFK, and Johnson. How did fiscal and monetary policies respond to each of these recessions? 5. What was Bretton Woods? How did it affect the U.S. economy? 6. The Great Inflation started during the Nixon administration and continued in the Carter administration. What fiscal and monetary policies were undertaken during this time period? What effect did they have on the economy? 7. What is the relationship between inflation and unemployment in the short-run? Long-run? 8. How did Fed behavior change in response to the Great Inflation? 9. What is the Friedman rule? What is a Fed Rule? Why are they important? 10. Why is central bank credibility important? 11. What was the state of the economy leading up to the Great Recession? 12. What caused the housing bubble? 13. How and why did Fed policy change in response to the Great Recession? 1. How has the frequency and severity of recessions changed since WWII? 2. What influence did Keynesian Theory have on fiscal policy following WWII? What are the strengths and weaknesses of Keynesian policy? What was the overall effect of this policy during the Keynesian era? 3. How were fiscal and monetary policies different during the Korean War than previous wars? 4. There were recessions under Eisenhower, JFK, and Johnson. How did fiscal and monetary policies respond to each of these recessions? 5. What was Bretton Woods? How did it affect the U.S. economy? 6. The Great Inflation started during the Nixon administration and continued in the Carter administration. What fiscal and monetary policies were undertaken during this time period? What effect did they have on the economy? 7. What is the relationship between inflation and unemployment in the short-run? Long-run? 8. How did Fed behavior change in response to the Great Inflation? 9. What is the Friedman rule? What is a Fed Rule? Why are they important? 10. Why is central bank credibility important? 11. What was the state of the economy leading up to the Great Recession? 12. What caused the housing bubble? 13. How and why did Fed policy change in response to the Great Recession?

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1 Since World War II the frequency and severity of recessions in the United States have varied Overall there has not been a consistent pattern of increasing or decreasing frequency or severity Recessi... View the full answer