During the recession of 2007-2009,the U.S.economy was experiencing a decrease in home prices and consumer wealth,a credit crisis in the financial markets,and declining consumer and business confidence.What components of aggregate demand were affected and what was the impact on real output? What were the policy options?

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The Answer of During the recession of 2007-2009,the U.S.economy was experiencing a decrease in home prices and consumer wealth,a credit crisis in the financial markets,and declining consumer and business confidence.What components of aggregate demand were affected and what was the impact on real output? What were the policy options?

During the Recession of 2007-2009,the U