Demand-side Policies and the Great Recession of 2008

Order InstructionsDevelop an essay discussing the fiscal and the monetary policies adopted and implemented by the federal during the Great Recession and their impacts on the U.S. economy. Complete this essay in a Microsoft Word document, and in APA format. Note your submission will automatically be submitted through “TurnItIn” for plagiarism review. Please note that a minimum of 550 words for your essay is required. Cover page with a running head2. Introduction: What is the economic meaning of a recession?· A brief discussion of fiscal policies· A brief discussion of monetary policies3. Conclusions: Discuss the extent to which the use of demand side policies (fiscal policy and monetary policy) during the Great Recession of 2008 has been successful in restoring economic growth and reducing unemployment4. ReferencesInclude in your essay analyzing the advantages and disadvantages of deficit spending and the effects of federal government borrowing on the economy i.e., the “crowding out” effect.