SNHU Aggregate Demand and Supply Macroeconomic Factors Discussion
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- Discussion Topic Starts Nov 20, 2021 11:59 PMBetween 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 U.S. 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 AS (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:
