ight after the COVID19-induced recession, the economic growth in the US was booming. The labor force was growing because many unemployed people who thought they could not find a job during the recession thought they can and started applying for work. But not all these people found a job immediately. Based on this scenario, respond to the following questions:

• Describe the impact on the unemployment rate immediately after such recessions.
• Discuss how different types of unemployment are affected because of such recessions.
• Explain if we should expect inflation in the economy in the aftermath of such recessions.

• • Discuss the reasons why the aggregate demand (AD) curve slopes
  • What causes the AD curve and aggregate supply (AS) curve to shift, respectively?
  • How would a change in AD and AS affect the economy, respectively?
  • Why do Keynesian economists emphasize AD whereas classical economists emphasize AS?