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Category > Economics Posted 12 Jul 2017 My Price 4.00

2008 recession

Hi, I need answer for may question please.Thanks

 

According to Keynesian economists, the cause of the 2008 recession was the decrease in aggregate demand that initiated with the collapse of the real estate market at the end of 2007. Please discuss how the real estate market crash affected the aggregate demand components (especially Consumption and Investment ) and as a result triggered the most severe recession since the Great Depression in 1929. Use the AD/AS Model in your explanations (Remember that AD components are C, I, G, (X-M). How did the changes in these components shift AD?) 

Teacher include the following article from 2008 for a brief explanation but feel free to research on the internet.

http://www.nytimes.com/2008/11/30/business/economy/30view.html (Links to an external site.)

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SuperTutor
(15)
Status NEW Posted 12 Jul 2017 03:07 AM My Price 4.00

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