Describe the economic crisis of 2008 . Describe the four stages of the crisis. What have been the impacts of the crisis? How has the crisis called into question the free marketoriented "Washington Consensus" that has dominated since World War II? How have the powerful countries dealt with the crisis?
What will be an ideal response?
Myriad economic and political factors caused the global financial crisis, and the
particulars of the crash, especially the investment instruments themselves, are
incredibly complex. Indeed, former chair of the U.S. Federal Reserve Alan
Greenspan noted that a key cause of the crisis was the inability of the world's "most
sophisticated investors" and regulators—the people who actually created and
worked with these instruments—to understand the.
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Vertical powers refer to the relationship between the centralized national government and the state governments. This arrangement is commonly referred to as
a. an associational system. b. a federal system. c. a unitary system. d. national supremacy. e. police powers.
______ realists see nothing inherently irrational or perverse in aggressive or expansive foreign policies
a. Preemptive c. Offensive b. Aggressive d. Persuasive