/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} 2DQ What effect did the recession of... [FREE SOLUTION] | 91影视

91影视

Log out

Learning Materials

Features

Discover

Chapter 1: 2DQ (page 22)

What effect did the recession of 2007鈥�2009 have on government regulation?

Short Answer

Expert verified

The government passed the Dodd-Frank Act to increase transparency and accountability in the financial system.

Step by step solution

01

Impact of the 2007-2009 recession

The 2007-2009 recession decreased the GDP by 4.3% andthe unemployment increased by 4.5%. Economy faced severe inflation and financial markets collapsed.

02

The need for a regulatory framework

The 2007-2009 recession occurred due to the inability of the government to appropriately regulate the financial markets. This recession could have been avoided if relevant regulations were used to monitor the financial sector.

03

The Dodd-Frank Act passed by the government

The government passed the Dodd-Frank Act to increase its regulatory power over the financial sector. This act helped to maintain the stability of the financial sector, and control any hazards and risks present in the financial sector.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with 91影视!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

Question: What issue does agency theory examine? Why is it important in a public corporation rather than in a private corporation?

How did the Sarbanes鈥揙xley Act impact corporations鈥� financial reports?

What changes can take place under restructuring? In recent times, what group of investors has often forced restructuring to take place?

Why are institutional investors important in today鈥檚 business world?

Question: When does insider trading occur? What government agency is responsible for protecting against the unethical practice of insider trading?
See all solutions

Recommended explanations on Business Studies Textbooks

Strategic Analysis

Read Explanation

Managerial Economics

Read Explanation

Managers

Read Explanation

Insurance

Read Explanation

Change Management

Read Explanation

Corporate Finance

Read Explanation
View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.