what happened during the 2007 2009 recession 1

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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?

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