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g Address the following topics in your analysis in your own words: A. How did the federal government (President and Congress) respond to the recession

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Answer:Recession can be defined as the economy meltdown of a country's economy over two consecutive quarters.The index to show that a country is in recession is high unemployment rate,low per capital income,low gross domestic product and high inflation.

Explanation:How the federal government respond to recession.

Devaluation of country's currency:Devaluation means reducing a country's currency relatively to other countries currency.This will encourage export which will lead to Favourable balance of trade.

Industrialization:This refers to increasing the shares of manufacturing sector in the total of a nation's economy.This will allow more industries to be created.

Monetary and fiscal policies:The federal government can respond to recession by reducing interest rate and tax burden on infant industries.

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