Project #95362 - 250 words discussion and two 75 words reply

(250 words)

Using the model of Aggregate Demand and Aggregate Supply as a model, and looking at the section of the chapter called the Recession of 2008 - 2009, discuss what you think caused the recession of 2008-2009.  Where you think based on the models of Ag Demand and Ag Supply we are at this time in the recovery?

Are we done with the down-swing of aggregate demand? Has short run aggregate supply shifted back to the right enough to cause us to be a full employment yet?  What other considerations come to mind about the process?

Reply (75 words) Do u agree him or her? Why?

1.

he Great Recession officially started in 2007 and ended in 2009. There was many things to blame for the Great Recession of 2008-2009 and two major causes were politicians and banks. Politicians and the banks wanted deregulation of the banking and investment industries. During this disaster there was a high combination of high inflation and unemployment. The Ag Demand incerased because we were more in need of supply and products but with no jobs there was no way Ag supply was going to increase. The Ag Supply decreased because without jobs nobody had enough money to buy supplys or products. I don't think we are done with the down-sing of aggreagate demand, it has been improving but there can always be another situation just like the Great Recession or Great Depression. I don't think Ag Supply shifted back right where employment was almost full. Employment has increased 1.45% this year.

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Due By (Pacific Time) 11/22/2015 10:00 pm
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