(Solved): Use an aggregate economy framework (AD/AS) to show the effects of the following event on the econo ...

Use an aggregate economy framework (AD/AS) to show the effects of the following event on the economy. In 2025 the economy is in a recession and people learn that the economy is expected to worsen as a result of higher interest rates. At the same time, workers renew their demands for higher wages to keep up with the cost of living. The aggregate demand The aggregate supply Impact on the economic indicators: real GDP Unemployment Inflation State of the economy: The recession in the U.S.: Upload a sketch of your graphs for the previous questions. Clearly label your graphs with the question number, Question 1, Question 2, and Question 3. No supporting evidence (i.e. no sketches) will result in no credit for the previous questions. The aggregate demand The aggregate supply Impact on the economic indicators: Inflation State of the economy: The economy enters into: The aggregate demand The aggregate supply Impact on the econor real GDP Unemployment Inflation State of the economy: The economy enters into: