Utilize the dynamic aggregate demand and aggregate supply concepts, explain the macroeconomic factors that led to the 2007-2009 recession.
- How were GDP, inflation, and unemployment affected during the recession?
- What monetary policies and fiscal policies were implemented during the recession?
- How did the recession affect U.S. trade relations and the U.S. dollar exchange rate?
What lessons do you think we learned from this last downturn? Do you think we will repeat them? Are there other areas in our economy that may face a similar bubble? Try to use researched academic sources to support you claims.
In 2000-2010 are there any similar downturn - was it "really" similar? What recommendations do you have for fixing a problem like a recession.