Let's think of supply and demand (and the shifts that occur on the chart) and the Great Recession.

The 2007-2009 time frame was one of the worst in recent economic history. Why?

Unemployment peaked at 10% in 2009. What happened in other areas such as fiscal and monetary policy? How did the recession impact trade? Evaluate all the different elements that we have discussed over this course. How do they apply to this period?