16. Using the AS/AD model on the graph below demonstrate/draw in the effect from the real problem on the general economy associated with each of the following events in the last year.. Label clearly all lines and movements/shifts.
For a): The deep fall in the stock market Fall 2008 to early March 2009 on Aggregate Demand
For b): The sharp fall in oil prices on Aggregate Demand and Aggregate Supply.© BrainMass Inc. brainmass.com March 4, 2021, 9:29 pm ad1c9bdddf
Posting ID: 248329
How to Respond to Problems?
Subject: Economics Topic: Macroeconomics Level: Year 1
The expert examines currencies using the AS/AD model.