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GLOBAL FINANCIAL CRISIS

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by

Stephanie Chee

on 11 September 2013

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Transcript of GLOBAL FINANCIAL CRISIS

G
F
C
LOBAL
INANCIAL
RISIS
Subprime Mortgage Loans
Expansionary Monetary Policy
"The Fed dropped its short term interest rates from 5.25% to 0% by the end of 2008" (Llyod, 2011)
Lending
Money supply
Interest rates
Rate of return
Purchasing Power
Aggregate demand
Spending > Savings
Injection > leakage
Real GDP
Consumer Expenditure
Private Investment Spending
Inflation
Value
Currency
Consumer wealth
Price
ExpansionaryFiscal Policy
The Economic Stimulus Act of 2008
Households
Businesses
Tax collection
tax rebates
spending
"...the federal fiscal deficit" increases from 36% of GDP to 62% of GDP at the end of 2010 (Ciro, 2012, p.104)
Budget deficit
Government expenditure > tax revenue
Aggregate demand
Economy expands
Real GDP

0

Price Level

Conclusion
"The U.S. economy is experiencing a slow recovery even though it shows significant economic growth."
(Beattie, 2010)
REFERENCE LIST
Beattie, A. (2010, June 10). US Fed chief sees signs of sustainable growth. Financial Times. Retrieved from http://search.proquest.com.ezp01.library.qut.edu.au/docview/366382718#

Byun, K.J. & Frey, C. (2012). The U. S. Economy in 2020: recovery in uncertain times. Monthly Labor Review. p. 8. Retrieved from http://www.bls.gov/opub/mlr/2012/01/art2full.pdf

Ciro, T. (2012). The global financial crisis: triggers, responses and aftermath.[PDF version]. Retrieved from http://reader.eblib.com.au.ezp01.library.qut.edu.au/(S(c1bjzh1uru1ipqlvblmnpvjt))/Reader.aspx?p=834052&o=96&u=Mm59TWzhnY8CRt4XrAdGBA%3%3d&t=1376920013&h=BAFEE4BF63C44D30CC727EB9584E08B95F74FF6C&s=9580710&ut=245&pg=1&r=img&c=-1&pat=n

Dwyer, G.P. & Lothian, J.R. (2011). The Financial Crisis and Recovery : Why so Slow?. Federal Reserve Bank of Atlanta. Retrieved from http://www.frbatlanta.org/cenfis/pubscf/nftv_1110.cfm

Edey, M. (2009). The global financial crisis and its effects. Economic papers. 28(3), 186-195. Retrieved from http://onlinelibrary.wiley.com.ezp01.library.qut.edu.au/doi/10.1111/j.1759-3441.2009.00032.x/pdf

Foong, K. (September 2007). The Subprime Mortgage Crisis. Multi-Housing News. 42(9). Retrieved from http://search.proquest.com.ezp01.library.qut.edu.au/docview/236948586/fulltextPDF/13FFC3746EBCFBF9CDD/2?accountid=13380#

Fraser, I., Gionea, J, and Fraser, S.(2011). Economics for business. (4th ed.) North Ryde, NSW: McGraw – Hill.

Lloyd, B. T. (2011). The Financial Crisis and Federal Reserve Policy. [PDF version] Retrieved from http://www.palgraveconnect.com.ezp01.library.qut.edu.au/pc/doifinder/10.1057/9780230118072

Mosely, F. (2009). The U.S economic crisis causes and solutions. International Socialist Review. (64).Retrieved from http://isreview.org/issue/64/us-economic-crisis

Ovanhouser, R.T. (Ed.). (2009). Financial Crisis in America. New York: Nova Science Publishers, Inc.

Payne, R.J. (2012). Global Issues. (4th ed.) USA: Pearson Higher Ed. Retrieved from http://www.pearsonhighered.com/assets/hip/us/hip_us_pearsonhighered/samplechapter/0205231527.pdf

Stewart, H. (2010, March 17). Financial: Federal Reserve pledges to keep interest rates low. The Guardian. Retrieved from http://search.proquest.com.ezp01.library.qut.edu.au/docview/246893997#

US Financial Crisis Began with Subprime Mortgages. (2008, October 9). US Financial Crisis Began with Subprime Mortgages. Voice of America News. Retrieved from http://search.proquest.com.ezp01.library.qut.edu.au/docview/190471830?accountid=13380#

Pictures

www.google.com.au

Multiplier Effect
google
LONG TERM
google
google
Credit availability
Borrowing
Subprime Mortgage Owners
Prime Mortgage Owners
AD
AD1
AD2
Full transcript