Asa manager, it is important to understand how the business cycle affectssupply and demand, prices, and how economic shocks will impact yourcompany’s markets, supply chain, and financing. The recent collapse ofthe housing market, the near failure of our financial system, the wildswings in commodity and stock prices, and the deep recession of2007-2009 provide a virtual laboratory for the study of the economicshocks and stabilization measures taken to restore equilibrium.Create a 250-word analysis based on the team’s assigned market in which you include the following: Market 2: Actions by US governments at all levels and the FederalReserve to deal with the collapse of tax revenues, increasedunemployment and severe banking illiquidity associated with thefinancial crisis and recessionAnalyze the economic and sociological forces that drove the marketequilibrium to unsustainable heights and the shocks that brought themarkets back down. What might be done to moderate the effects of theseeconomic swings?Discuss specific changes in supply and demand.Examine prior government policies and legislation that exacerbated the impact of the shocks.Evaluate the actions of the federal government and the FederalReserve to restore equilibrium. How effective were thesecounter-cyclical policies?Cite a minimum of one peer reviewed sources not including the text.