Between 2007 and 2009, the United States experienced a severe financial crisis a
Between 2007 and 2009, the United States experienced a severe financial crisis and economic downturn commonly known as the Great Recession. Starting in 2006, housing values fell 30%, causing losses in mortgage-backed securities for families and financial institutions. The recession was marked by a drop in aggregate demand that caused a decline in GDP and an increase in unemployment.
In your initial post, draw or find an example of an aggregate demand and aggregate supply (AD/AS) model that illustrates the general trends of the U.S. economy during the Great Recession. (The example may be from your own research or from the textbook.) In addition to your image, provide a response to the following:
How did the AD/AS equilibrium change over time? Support your claims by referring to your AD/AS model.
Select an economic factor (GDP, unemployment, price level) and explain what impact any shifts in AD or AS (or both) had on your chosen factor.
RUBRIC:
Write a post of 1 to 2 paragraphs, and include an image of your AD/AS model.
Consider content from other parts of the course where appropriate. Use proper citation methods for your discipline when referencing scholarly or popular sources.
For your response posts, do the following:
Reply to at least two classmates outside of your own initial post thread.
Complete your response posts by Sunday at 11:59 p.m. of your local time zone.
Demonstrate more depth and thought than saying things like “I agree” or “You are wrong.” Guidance is provided for you in the discussion prompt.
Module Five Discussion Rubric
CriteriaProficient (100%)Needs Improvement (55%)Not Evident (0%)Value
ComprehensionDevelops an initial post with a point of view or idea using adequate organization and detailDevelops an initial post with a point of view or idea but with some gaps in organization and detailDoes not develop an initial post with an organized point of view or idea40
TimelinessSubmits initial post on timeSubmits initial post one day lateSubmits initial post two or more days late10
EngagementProvides relevant response posts with some explanation and detailProvides somewhat relevant response posts with some explanation and detailProvides response posts that are generic with little explanation or detail30
Writing (Mechanics)Writes posts that are easily understood using proper citation methods where applicable with few errors in citationsWrites posts that are understandable using proper citation methods where applicable with a number of errors in citationsWrites posts that others are not able to understand and does not use proper citation methods where applicable20
Total:100%