Actions taken by Government

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-Fed liquidated all assets and shut down stock market to prevent bank run/panic

-Fiscal Policy --operated at a budget deficit

-Monetary Policy -Fed. reserve bought a number of government securities through open market operations.
-Fed. Reserve put $100 billion into the financial system each day immediately following the attacks.

The Rederal Reserve cut interest rates by 1/2 a percentage point on the first day markets were open after the attack

Economic Impact of 9/11