A) In the 1970's, the United States had slow growth and high inflation. Which kind of shock best fits these facts? - Negative real shock - Positive real shock - Negative aggregate demand shock -...

A) In the 1970's, the United States had slow growth and high inflation. Which kind of shock best fits these facts?

- Negative real shock

- Positive real shock

- Negative aggregate demand shock

- Positive aggregate demand shock

B) Using the same categories, explain the late 1990's, when the U.S. experienced fast growth and falling inflation.

C) Again using the same four categories, explain the early 2000s, when the U.S. experienced slow growth and falling inflation.

D) Which shock best explains the 1981-1982 recession, when inflation fell quickly and unemployment rose quickly?

E) Which shock(s) best explains the Great Recession of 2007-2008?