#Discussion: The AD-AS Model

Discussion: The AD-AS Model

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part A Using the AD/AS model, explain the reasons for the Great Recession. What factors (the AD or the AS factors) triggered the recession in 2008? How did the collapse of the real estate market affect these components?  You can use your findings from the bea table 1.1.1 for 2008-09. https://scholar.harvard.edu/files/mankiw/files/what_would_keynes_have_done.pdf part B The US … Read more