Chapter Questions
What were the immediate causes of the "Great Recession"? What were the longer-term trends that hinted that a dangerous economic imbalance might be building?
How is the financial sector linked to the "real" economy of work and production?
How does the Great Recession compare to the Great Depression in terms of the causes, severity, and scope of the economic downturn?
In what ways has the Great Recession been a global phenomenon?
Why did more economists not warn the public of the possibility of financial collapse? Should economic theory be revised as a result of this apparent failure?
What was the policy response to the Great Recession and was it effective?