Question.4605 - Recently, there have been comparisons between today’s economy and the 2008–2009 Great Recession (GR). Some argue that the COVID-19 pandemic recession is materially different from the GR, while others argue there are many parallels. As you learned in your reading, policymakers in both eras were confronted with a sudden decrease in aggregate demand.In your initial post, draw or find an example of the aggregate demand and aggregate supply (AD/AS) model that illustrates the general trends of the U.S. economy during both crises. The example may be from your research or the textbook (see Chapter 34).Note: Use the Insert Image button in the discussion menu to attach your image. Review the following resources for help taking a screenshot:ECO-201: How to Use Snipping Tool Beginners Guide (CC)Is There a Snipping Tool for Mac? Four Best Snipping ToolsIn addition to your image, respond to the following:Using the four steps for analyzing macroeconomic fluctuations, explain how the AD/AS equilibrium changed over time. Support your claims by referring to your AD/AS model's AD shift.Select an economic factor (GDP, unemployment, or housing price level) and compare its values during both crises.What policies and strategies did the U.S. government use to deal with the GR and then to deal with COVID-19?What do you see as the source of future U.S. macroeconomic growth?In your response posts, comment on at least two posts from peers who chose different factors than you did. Explain how the economic factors are related. Share a news article that presents a different perspective on the economic outcomes of the crises from your peers' perspectives.
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According xx the xxxx steps xxx analysing xxxxxxxxxxxxx fluctuations xxxx the xxxxx Recession xxx covid- xxxxxxxxx saw x sudden xxxxxxxx in xxx aggregrate xxxxxx AD xxxx resulted xx shifting xxx AD xxxxx leftwards xxx the xxxxx for xxxxxxxx in xxxx recession xxxxxxxx During xxx Great xxxxxxxxx a xxxxxx credit xxxxxx brought xx by xxx financial xxx housing xxxxxx collapses xxxxxxxxx consumer xxxxxxxx and xxxxxxxxxx On xxx other xxxx the xxxxxx recession xxx brought xx by x public xxxxxx emergency xxxx resulted xx restrictions xxx lockdowns xxxxxxxx by xxx government xxxxx stopped xxxxxxxx activity xxxxx et xx In xxxxx of xxxxxxxxxxxx both xxxxxxxxx faced x challenging xxxxx During xxx second xxxxxxx where xxx covid- xxxxxx unemployment xxxxxxxx at xxx rate xx from xx the xxxxx quarter xxxxx et xx During xxxxx Recession xxxxxxxxxxxx increased xx in xxxxxxx In xxxxxxxx to xxxxx recession xxx U x government xxxxxx out xxxxx cut xxxxxxxx rates xxx launched xxxxxxxx programs xx help xxxxxxxxxx for xxxxx Recession xxx with xxxxxxx to xxxxxx direct xxxxxxxx checks xxxx sent xx people xxxxxxxxxx got xxxxxx money xxx unemployment xxxxxxxx were xxxxxxxx Cunningham xxxxx policies xxxxxx push xx back xx the xxxxx meaning xxx economy xxxxxxx recovering xxxx time xxx economy xxxxxxx back xx both xxxxx Businesses xxxxxxxx jobs xxxxxxxx and xxxxxxxx increased xx the xxxxx we xxx again xxx the xx moving xx the xxxxx indicating xxxx economy xxx growing xx future xxxxxxxx growth xxx U x economy xxx grow xx investing xx technology xxxxxxxxxx infrastructure xxxxxxxxxx and xxxxxxxxx development xxxxxxxx fostering xxxxxxxxxx education xxx sustainable xxxxxx may xxxx key xxxxx in xxxxxxxxx stability xxxxxxxxxxxxxxxx N x Principles xx economics xx ed xxxxxxx Z xxxxx S x Edwards x Duong x C xxxx Unemployment xxxxx in xx the xxxxxxx battles xxx COVID- xxxxxxxx Monthly xxxxx Review x S xxxxxx of xxxxx Statistics x S xxxxxx of xxxxx Statistics x S xxxxxx of xxxxx Statistics xxxxx www xxx gov xxxx mlr xxxxxxx unemployment-rises-in- xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx -pandemic xxx Cunningham x April xxxxx Recession xxxxx recovery xxxxxx from xxx Current xxxxxxxxxx Survey xxxxxxx Labor xxxxxx U x Bureau xx Labor xxxxxxxxxx Bls xxx https xxx bls xxx opub xxx article xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx htmMore Articles From Macroeconomics
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