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No , but that has contributed to it.
Originally massive bank were lending to corps and businesses ( that is the money you put in the bank ) and all of a sudden , everyone wants their money back. You can see what's going to happen... The banks don't have enough money to give to people , they go out of business etc Businesses are going out of business because they don't have a bank to lend from.
Everyone has less money and the government is still stealing money from us.
Like the VAT cuts makes a difference.
Matty
Wiki User
∙ 15y ago
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What can the government do to help companies survive the global recession?
In many cases, the governments loan out money to help corporations not fail.
How where the Jews stealing German jobs and money?
They were not 'stealing German jobs and money': that claim was Nazi propaganda and completely untrue.
Why there is a recession?
This recession was first caused by banks lending money to people that weren't very likely to re-pay the money. This caused the trust in banks (by people, governemtns and other banks) to fall and now they won't lend money to each other. In a little more depth, the sub-prime mortgage market, a lack of risk-aversion and a lack of regulation caused bank's equity values to fall very rapidly and as a result the bank's are very wary about who they lend to in case they lose a lot of money and become insolvent. This causes a contraction in the money supply and this is prolonging the recession.
Are you in a depression or recession?
The world is in a big recession.
What is the conflict in the book the pursuit of happiness by Chris Gardner?
The main conflict of the story was the need for money and overcoming the economic recession
What is it called when the government gives out money to end the recession?
Stimulus
Government has less money because people are out of work and pay less money?
recession
Explain why tax revenue changes when the economy goes into a recession?
Tax revenue changes when the economy goes into a recession. When there is a recession, the government increases tax revenue. The government does this because less people are spending money.
Name One thing a president cannot do?
stealing government money
Can a person who uses government funds for personal expenditure is liable for criminal charge?
Stealing is stealing. It does not matter who you stole the money from.
What is the government doing to end the recession and will the US policy work to raise the level of GDP?
The government is giving people money
Which of these occurs when the government has less money because people are out of work and pay less taxes?
recession
A occurs when the government has less money because people are out of work and pay less taxes?
recession
What crimes did Robin Hood commit?
he took the money from the rich and gave it to the poor
What can the government do to help companies survive the global recession?
In many cases, the governments loan out money to help corporations not fail.
What are ways the federal government can stabilize the economy?
Deporting the illegal immigrants that are stealing jobs and money from America
Why was there a recession in the US in 1937?
Americans had less money and went into the recession because FDR had cut back on government spending. Many of the biggest cuts targeted programs such as the WPA, which had proved jobs to many workers. At the same time, FDR had increased taxes.
