Question: Read the article ALTERNATIVES TO THE FED written by: Bennett T. McCallum and also watch this link and answer the following question

Read the article ALTERNATIVES TO THE FED written by: Bennett T. McCallum and also watch this link and answer the following question

1.Classify the U.S. economic system.

2.What were the immediate causes of the significant downturn (commonly referred to as the great recession of 2008)?

3.What has the U.S. government attempted to do to correct the situation?

4.Were the government’s steps effective? Why not, or how so?

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Classifying the US Economic System The economic system of the United States can be classified as a mixedmarket economy It integrates components of a market economy characterized by the influence of su... View full answer

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