Please, I need help with this homework.
Please, I need help with this task.
The graph of Figure I shows the annual growth rate of the GDP of the United States economy since the first quarter of 2004, while the graphs of Figure II represent three different scenarios of the relationship between demand and aggregate supply that reflect different situations of economic growth. I must answer the following questions in detail.
1. Using the shifts in the aggregate demand curve in each of the three graphs in Figure II, explain the function of aggregate consumption and investment.
2. I must explain in detail what is happening in Graph A of Figure II and, after examining the data in the graph of Figure I, identify in what period of time this situation is occurring.
3. I must explain in detail what is happening in Graph B of Figure II and, after examining the data in the graph of Figure I, identify in what period of time said the situation is occurring.
4. I must explain in detail what is happening in Graph C of Figure II and, after examining the data in the graph of Figure I, identify in what period of time this situation is occurring.
Thanks in advance for any help you can give me.
Could you include the references, please?
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