![Suppose that a fall in consumer spending causes a recession. Illustrate the immediate change in the economy using both an aggregate-supply/aggregate-demand diagram and a Phillips-curve diagram. On both graphs, label the initial Suppose that a fall in consumer spending causes a recession. Illustrate the immediate change in the economy using both an aggregate-supply/aggregate-demand diagram and a Phillips-curve diagram. On both graphs, label the initial](https://homework.study.com/cimages/multimages/16/inflatiopn1111118499662508887466553.png)
Suppose that a fall in consumer spending causes a recession. Illustrate the immediate change in the economy using both an aggregate-supply/aggregate-demand diagram and a Phillips-curve diagram. On both graphs, label the initial
![A simple macroeconomic model given a pandemic or health-related recession. | Download Scientific Diagram A simple macroeconomic model given a pandemic or health-related recession. | Download Scientific Diagram](https://www.researchgate.net/publication/347399139/figure/fig2/AS:978258598309888@1610246433064/A-simple-macroeconomic-model-given-a-pandemic-or-health-related-recession.png)
A simple macroeconomic model given a pandemic or health-related recession. | Download Scientific Diagram
![Economics in Plain English » Recession's effects on small vs. large companies: some evidence in support of the Classical view of self-correction Economics in Plain English » Recession's effects on small vs. large companies: some evidence in support of the Classical view of self-correction](http://welkerswikinomics.com/blog/wp-content/uploads/2008/03/extended-as_3.jpeg)