Question

Determine alternative actions that could have been used by the federal government or the central bank to alleviate or divert the economic crisis that prompted your selected government policy. Explain if your alternative action is better for the overall health of the economy or not. (6-8 sentences)

Answer 1

The alternative actions that could have been used by the federal government or the central bank to alleviate or divert the economic crisis are to follow the expansionist monetary policy.

What are economic crisis?

Economic crises is the situation which refers to the financial crises in the economy such crashing of the stock market, no flow of money in the market, reduces production, currency crises etc.

The federal government goes for the traditional methods in the crises situation. some of the ways are decrease in interest rates, increase in the money supply, reduction of the reserve rates to the banks etc.

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