Explain how the economy changed after the 2000 millennium party...

Question

Explain how the economy changed after the 2000 millennium party (in fewer than 150 words).

ap macroeconomics

Answer 1

There were a couple of factors that occurred around 2000.  First of all, the additional monetary supplies that the Fed had injected into the economy to offset the impact of Y2K were removed, contracting the money supply. Also, people started realizing that even Internet companies had to make money, and the bubble in the stock market caused by them began to deflate.  That's the 5 cent answer.

Answer 2

Bush took office.  There went the economy... he.