Edit work macroeconomics.
Edit following things.
- Q2 is asking for the state of the economy, which you do describe in the lead up to the crisis, but you need more information for after the crisis. What was GDP growth in 1992? In the years after? What were inflation and unemployment in the years after the crisis? You need to show me the numbers.
- Q3 asks for the impact on the financial system, and it would be useful to explain what happened to the stock market and to interest rates. You do mention that they had raised rates initially, but did they lower them after the crisis?
- For Q5, when it comes to policy response, you need to explain both fiscal and monetary policy. Were there changes in taxes or government spending? You need more details in your answer to Q5.
Assignment attached below
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