Economics,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 an

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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?

 

 

Part B:

Comment on the analysis presented by your peers. Share your opinion on the fiscal and monetary policies identified by your peers, and use researched academic sources to support it.