Assignment:
Analysis Discussion: What happened during the 2007-2009 Recession?
Utilize the dynamic aggregate demand and aggregate supply model animations and videos in MyEconLab to analyze the macroeconomic factors that led to the 2007-2009 recession.
• How were GDP, inflation, and unemployment affected during the recession, and how does the model show this?
• What monetary policies and fiscal policies were implemented during the recession?
• How did the recession affect U.S. trade relations and the U.S. dollar exchange rate?