Draw a correctly labeled aggregate demand and aggregate supply graph and show each of the following: The long-run aggregate supply curve Current price level and output levels, labeled PLe and Ye Full employment output, labeled Yf

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In financial aspects, a depression is a sustained, long haul downturn in monetary movement in one or more economies. it is a more extreme monetary downturn than a recession, which is a slowdown in financial action through the span of a typical business cycle. a depression is an irregular and extreme type of recession. so depression is always followed by recession but it is not correct to state that a depression always follow a recession.