Use the image below to explain what happened to aggregate supply and demand during the Great Recession.
Definitions:
Decoding
The process of interpreting or making sense of a message or information received.
Semantics
The study of meaning in language, including the analysis of the meanings of words, phrases, and sentences.
Encoding
The process of converting ideas into a form that can be communicated, such as transforming thoughts into language or gestures.
Impression Management
The process by which individuals attempt to control the impressions others form of them, often in professional or social contexts.
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