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Macroeconomics: Economic Events and Policies from 2000 to 2010

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Added on  2023-04-11

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This presentation provides an overview of the economic events and policies that occurred in the US from 2000 to 2010. It covers the tech bubble burst, housing crisis, and the fiscal and monetary policy actions taken to address these challenges. The presentation also discusses the impact of these events on economic growth, unemployment, inflation, and interest rates. References are provided for further reading.

Macroeconomics: Economic Events and Policies from 2000 to 2010

   Added on 2023-04-11

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Macroeconomics
Name of the Student
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Course ID
Macroeconomics: Economic Events and Policies from 2000 to 2010_1
Introduction
• Series of economic events from 2000 to 2010
• Two significant events
• Tech bubble bust in 2001
• Housing crisis in 2008
• Recessions damage the economic growth.
• More severe impact than the great depression
• Fiscal and monetary policy actions
Macroeconomics: Economic Events and Policies from 2000 to 2010_2
Economic Growth
• GDP: measures of economic activity
• Real GDP was 13.13 trillion dollars in 2000
• Growth rate was 4.1 percent
• Growth declined to 1 percent in 2001
• Because of tech bubble burst
• 9/11 attacks, war on terror, Iraq war
• Slow recovery Figure 1: Real GDP and
associated GDP growth rate from
2000 to 2010
Macroeconomics: Economic Events and Policies from 2000 to 2010_3
Economic Growth
• Growth slightly declined to 3.5 percent in 2005
• Hit of Katrine and introduction of Bankruptcy act
• Growth further declined to 2.9 percent
• Tight monetary policy
• Increase in interest rate
• Economic downturn since the end of 2007
• Financial crisis that fully occurred in 2008
Macroeconomics: Economic Events and Policies from 2000 to 2010_4

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