– Explain the Liquidity Trap. How did the Fed currently find itself there?
-What are the likely effects on the economy of an austerity approach during a deep recession of depression?
-Compare the strengths and weaknesses of fiscal and monetary policy.
The important one: What is the likely long run effect of an ever increasing concentration of wealth upon the economy of the U.S.? What steps may be taken to reverse this trend which appears to be taking place in our economy?
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