Hi, I was wondering if you could answer this question for $10 plus tip please?
Utilize the dynamic aggregate demand and aggregate supply model to answer the following questions for2007-2009 recession:
1) How were GDP, inflation, and unemployment affected during the recession, and how does the model show this?
2) What monetary policies and fiscal policies were implemented during the recession?
3) How did the recession affect U.S. trade relations and the U.S. dollar exchange rate?
Thank you very much. I appreciate your time. 🙂