Base your analysis explicitly on the material in chapters 11 and 12 of the textbook. Use the AS-AD model to explain how the sudden decline in investment and consumption (hint: this is equivalent to a decline in demand) which we have studied in the previous project on the 2008 recession, affected output and prices(which curve shifts, AS or AD?). Next, explain using the AS-AD model which monetary policy and fiscal policies were implemented in the wake of the 2008 events and how did they work (which curve shifts and what were the effects on output and prices? How about the interest rate unemployment and investment?).