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AS Macro: US Economic Recession in Charts
7th February 2009
Whilst much of my macro teaching for AS economics tends to focus on current developments in the UK economy, it is always useful to consider the shape of recessions and the consequences for other countries. I have used some of the charts in the accompanying presentation which draws a dozen data series from the United States. Steep increases in unemployment, a sharp decline in car production, asset price deflation and very low business confidence - there are parallels with the UK which help to reinforce the AD-AS model with my students.
Chart presentation USA_Recession_Feb_09.ppt
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.