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Choose one of the 3 situations(Great Depression, World War II, and Housing/Credit Crashes 2007-2009) and explain what happened using AD and AS analysis. What did
Choose one of the 3 situations(Great Depression, World War II, and Housing/Credit Crashes 2007-2009) and explain what happened using AD and AS analysis.
What did the government do, and did their policies influence AD and AS in ways that were helpful to the economy?
What lessons can be learned to help countries that arecurrently experiencing COVID-19 recessions?
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