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Essay

Monetary Policy

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Brenda L

 

Date added:

May 25, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 509

 

Was viewed:

5455 times

 

Rating of current essay:

 
Essay content:

First, in 1975, Arthur Burns wanted a strict money policy and did not want to open the gates. Then in 1979, Paul Volcker needed to turn around the worst recession since the Great Depression. Finally, in 1987, the stock market crashed, and the video showed how Alan Greenspan would respond to save the economy...
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The Feds were forced to keep a tight money policy, restraining borrowers and raising interest rates. This served as a restraining hand on the economy. But as a result of this restraining hand, unemployment rose to levels that were the worst since the Great Depression. Burns was pressured to allow the money supply to grow more rapidly...
displayed 300 characters

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