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Table of Contents > Module Five > 5-2 Discussion: Aggregate Demand and Supply 5-2 Discussion: Aggregate Demand and Supply v Between 2007 and 2009. the
Table of Contents > Module Five > 5-2 Discussion: Aggregate Demand and Supply 5-2 Discussion: Aggregate Demand and Supply v Between 2007 and 2009. the United States experienced a severe financial crisis and economic downturn commonly known as the Great Recession. Starting in 2006. housing values fell 30%, causing losses in mortgage-backed securities for families and financial institutions. The recession was marked by a drop in aggregate demand that caused a decline in GDP and an increase in unemployment. In your initial post. draw or find an example of an aggregate demand and aggregate supply [AD/AS} model that illustrates the general trends of the US. economy during the Great Recession. {The example may be from your own research or from the textbook.) In addition to your image, provide a response to the following: . How did the AD/AS equilibrium change over time? Support your claims by referring to your AD/AS model. . Select an economic factor (GDP, unemployment, price level) and explain what impact any shifts in AD or A8 (or both) had on your chosen factor. Note: Use the Insert Image button in the discussion menu to attach your image. Review the following resources for help taking a screenshot
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