The 6-month Covid-19 recession of 2020 involved lockdowns (a supply disruption) and lost wages for workers (a demand disruption, since consumption decreased, and Consumption is the largest component of aggregate demand).

1. Hand-draw and upload a picture of an AS/AD graph showing how the recession affected the AS and/or AD curve or curves, labeling the axes, the curve(s), the pre-recession initial equilibrium, and the recession equilibrium.

Helpful hint #1: Since a recession is a decline in GDP, the recession equilibrium will end up left of the initial one.

Helpful hint #2: Google what happened to prices/inflation during the 6-month recession. What did you find? Make sure the price level change is consistent with what you find.