Macroeconomic Issues During an Economic Downturn
Select a 3-5 year period of time in a foreign country experiencing an economic downturn and analyze the macroeconomic issues occurring during that period.
To answer this question, you should be looking for cause-and-effect issues and impacts. What are the root causes of the economic downturn? At least two root causes must be included in the answer. Within the discussion, please relate the root causes to either market failure or government failure. Each root will be either market failure or government failure, but not both. Explain why each root cause is either market failure or government failure.