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Dynamic aggregate demand and aggregate supply model

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Reference no: EM131157988

Utilize the dynamic aggregate demand and aggregate supply model to answer the following questions for 2007-2009 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?

Reference no: EM131157988

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