February 24, 2017

Homework Help: Economics

Posted by Emma on Tuesday, October 13, 2009 at 7:15pm.

Considering supply and demand, what happens to each of the following things when the U.S. is under the recssion?

a.) Full employment product output:

b.) Price level for goods: It goes down until a certain price level at which consumers realize goods are cheap and start buying again. This ends the recession.

Can someone please help me with and a.) and also check my response to b.)

Thnak you!

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