Assignment: Discussion Post
Subject: Utilize the dynamic aggregate demand and aggregate supply model animations to analyze the macroeconomic factors that led to the 2007-2009 recession.
· How were GDP, inflation, and unemployment affected during the recession, and how does the model show this?
· 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?