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Help me reply my classmate post In looking at the data, I think it is rather easy to draw a conclusion about the state of
Help me reply my classmate post In looking at the data, I think it is rather easy to draw a conclusion about the state of the economy. Over the last few years, I would describe the economy as recovering. When the COVID-19 pandemic hit in 2020, the economy seemed to be in a rather healthy/strong place - however, the pandemic caused the economy to take a rather big hit. The unemployment rate skyrocketed and GDP decreased. People weren't able to work and many got laid off, people weren't going out and spending money like normal, and many places had to shut down. In 2020, the GDP was 21,060.5B and the unemployment rate (while varied throughout the year) reached a monthly high point of 14.7%. In recent years, the economy has been climbing its way back from the pandemic. People returning to work, going out more, buying more, etc. all helped in the recovery of the economy. By 2022, the GDP was 25,744.1B - 4,683.6B increase since 2020. This increase in GDP shows not only the stabilization of the economy post-pandemic, but also the recovery. I believe that the curve that caused the change in the economy would be the aggregate
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