5.7k views
3 votes
How is the Great Recession similar to our current economic downturn? How is it
different? *

User Pitarou
by
4.4k points

1 Answer

4 votes

Answer:

he Great Recession is very similar in origin, but the policy response was different from the Fed. Most modern day central banks have fiat currencies as opposed to currencies backed by precious metals

Step-by-step explanation:

User Headmyshoulder
by
4.8k points