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Answer each question separately, each answer has to be at least 200 words. Please use the resources provided.

Date Posted: 11/02/2018
Category: Economics
Due Date: 11/02/2018
Instruction
Discuss the circular flow of money and income through the four basic markets of (a) goods and services, (b) resource markets, (c) loanable fund, and (d) foreign exchange. Identify a key factor related to the flow of money and income in two of the four identified markets. Read special Topic 5 (page 610) regarding the market crisis of 2008. Explain what caused the recession. Discuss how the economy reacted to the 2008 market crisis and continues to react to its impacts. Explain how you might prevent this type of problem from reoccurring. Support your response with research. Explain what a budget deficit is. Describe how under the Keynesian model budget deficits increase aggregate demand Evaluate whether or not fiscal stimulus will increase or decrease economic recovery. Explain
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