Analyze the Great Recession of 2008 and address the following in a paper:
- Specify the exact duration and severity of the 2008 recession.
- Identify and explain the root causes of the 2008 recession.
- Identify the three individuals, firms or agencies that, in your opinion, contributed the most to the recession and explain your answer.
- Explain the economic actions or controls the U.S. implemented to fight the 2008 recession, and how effective they were in fighting recession.
- Identify any actions the US failed to take in fighting the 2008 recession.
- Explain the role of moral hazard in the recession and the recovery.