Draw or find an example of an aggregate demand and aggregate supply model that illustrates the general trends of the U.S. economy during the Great Recession.
Aggregate Demand and Supply Between 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 […]