What Happened During the 2007-2009 Recession?
Utilize the dynamic aggregate demand and aggregate supply model animations and videos in MyEconLab 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?