In the graph of Figure I, the annual growth rate of the GDP of the United States economy is presented since the first quarter of 2004, while, in the graphs of Figure II, three different scenarios of the relationship are represented between demand and aggregate supply that reflect different situations of economic growth. 4. Explain in detail what is happening i
In the graph of Figure I, the annual growth rate of the GDP of the United States economy is presented since the first quarter of 2004, while, in the graphs of Figure II, three different scenarios of the relationship are represented between demand and
4. 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.
Figure I = Real data of the United States economy
Figure 2 = Representation of the aggregate demand and supply model
DA = AGGREGATE DEMAND
GDP =
NGP = GENERAL
OAL = LONG TERM AGGREGATED OFFER
OAC = SHORT-TERM AGGREGATE OFFER
![Annual Percentage Change in U.S. Real GDP
(Quarter-Annual)
-10
Fuente: Table 1.1.1. Percent Change from Preceding Period in Real Gross Domestic Product
[Percent] Seasonally adjusted at annual rates
https://apps.bea.gov/iTable/iTable.cfm?reqid=19&step=2#reqid=19&step=2&isuri=1&1921=survey
Nota: Gráfica diseñada por el Prof. Evaristo Medina, utilizando los datos de la fuente de información
Figura Il - Representación del modelo de demanda y oferta agregada
Gráfica A
Gráfica B
Gráfica C
NGP
OAL OAL
NGP
NGP
OAC. OA
OAL
OAC
OAL
/OAC
OAL
DA
DA](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe589f950-7919-4956-b895-bffa31133c8b%2F9165b0e6-b096-4ba6-98f0-060b9a928b34%2Fg70th5_processed.png&w=3840&q=75)
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