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Sagot :
You talked about the response to the financial crisis, and perhaps not enough deficit spending as a response. my question is, are: deficit spending and increased taxes on the rich tools that should be used in conjunction?
A financial crisis is one of many situations in which some financial assets suddenly lose a large portion of their face value. In the 19th and early 20th centuries, many financial crises were associated with bank panics, and many recessions coincided with those panics. Other situations often referred to as financial crises include stock market crashes and other financial bubble bursts, currency crises, and national bankruptcies.
Financial crises lead directly to the loss of paper assets but do not necessarily result in major changes in the real economy (for example, the crisis following his famous 17th-century Tulipmania bubble).
Many economists have theories about how financial crises can occur and how they can be prevented. However, no consensus has been reached and financial crises continue to occur from time to time.
Learn more about Financial Crisis here : https://brainly.com/question/249622
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