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8-1 Analysis Discussion: What happened during the 2007-2009 Recession?

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?