Economics.

It's a Recession-75 Percent of Americans Say Price level (GDP deflator, 2007=100) 140- In a telephone poll of over 1,000 adult Americans, 75 percent said they believe the nation is now in a recession. Of those who think the economy is in a recession, 27 percent said they believe we are in a serious recession. Americans are less SASo confident in the future of the economy than they were in March. The poll showed that 23 percent believe the downturn will 130 last more than two years, up from 19 percent in March. CNN, July 7, 2008 120- The graph shows the aggregate demand curve and the short-run aggregate supply curve. 115 Draw a curve that shows the effects of a decrease in consumer confidence. Label it. 110- Draw a point at the new short-run macroeconomic equilibrium. 100- ADo 90- 80- #12.0 9.0 10.0 11.0 120 130 140 Real GDP (trillions of 2007 dollars) 15.0 23> Draw only the objects specified in the