Question: 1. What is a boom or a bubble? what is the cause? Explain 2. Many people blame capitalism and free-markets for economic crashes or recessions.

1. What is a boom or a bubble? what is the cause? Explain

2. Many people blame capitalism and free-markets for economic crashes or recessions. are they blaming the correct party? What is the real cause?

3. What is Monetary Policy? Explain the role of money creation and interest rates in "stimulating" the economy.

4. What was the Bretton Woods system? Why did it ultimately fail? what was the end result?

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ANSWER IS 1 A boom or a bubble refers to a period of rapid economic growth typically characterized by inflated asset prices excessive speculation and ... View full answer

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