SNHU Aggregate Demand and Supply Questions
Question Description
I’m studying and need help with a Economics question to help me learn.
In your initial post, draw or find an example of an aggregate demand and aggregate supply (AD/AS) model that illustrates the general trends of the U.S. economy during the Great Recession. (The example may be from your own research or from the textbook.) In addition to your image, provide a response to the following:
- How did the AD/AS equilibrium change over time? Support your claims by referring to your AD/AS model.
- Select an economic factor (GDP, unemployment, price level) and explain what impact any shifts in AD or AS (or both) had on your chosen factor.
- Explain how the economic factors are related. Share a news article that presents a different perspective on the economic outcomes of the Great Recession
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