The graph in Figure I presents the annual GDP growth rate of the United States economy since the first quarter of 2004, while the graphs in Figure II represent three different scenarios of the relationship. . between aggregate demand and supply that reflect different situations of economic growth. In accordance with what was discussed in the module, answer the following questions in detail.

1. Using the shifts in the aggregate demand curve in each of the three graphs in Figure II, explain the function of aggregate consumption and investment.

2. Explain in detail what is happening in Graph A in Figure II and, after examining the data in the graph in Figure I, identify the time period in which this situation is occurring.

3. Explain in detail what is happening in Graph B in Figure II and, after examining the data in the graph in Figure I, identify in what period of time said situation is occurring.

4. Explain in detail what is happening in Graph C in Figure II and, after examining the data in the graph in Figure I, identify in what period of time said situation is occurring.

\fFigura II - Representacion del modelo de demanda y oferta agregada Grafica A Grafica B Grafica C NGP4 NGP OALDO OALot NGPA OAC DO OAC PO 120 115 110 112 110 102 DA DAo DA PIB [Miles de 13.0 14.0 millones) 110 12.0 13.0 PIB [Miles de 130 15.0 millones) PIB (Miles de millones)