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The graph in Graph I presents the annual growth rate of the GDP of the United States economy since the first quarter of 2004, while

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The graph in Graph I presents the annual growth rate of the GDP of the United States economy since the first quarter of 2004, while the graphs in Graph II represent three different scenarios of the relationship between demand and supply. added. that reflect different situations of economic growth.

  1. Using the changes in the aggregate demand curve in each of the three graphs in Figure II, what is the aggregate consumption and investment function?
  2. Explain what is happening in Graph A of Figure II and, after examining the data in the graph of Figure I, in what period of time is this situation occurring?
  3. Explain what is happening in Graph B of Figure II and, after examining the data in the graph of Figure I, in what period of time is this situation occurring?
  4. Explain what is happening in Graph C of Figure II and, after examining the data in the graph of Figure I, in what period of time is this situation occurring?

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\fAnnual Percentage Change -10 01- 2004 01- 2006 01- 2008 01- 2010 01- 2012 [Quarter-Annual] Annual Percentage Change in U.S. Real GDP 01- 2014 Q1- 2016 01- 2018 Q1- 2020

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