Discussion TopicInstructions :"You’re the economist ! Are you ready to apply your understanding of the concepts from Chapters27 to 30 ? Here is your opportunity to share your comprehension of the concepts covered in these*four chapters to our economy ( aka our course – mates ) at large .View the videos :"Part 1 : https : / / www. youtube . com/ watch ? V = HI C AV Pig P 6& & feature = youtu . bePart 2 : https : / / www . youtube . com / watch ? V = 4.4 BFOUelGU &- feature – youtu . beWrite a new thread ( min 300 words ) in which you respond to the following prompts :"1 . Discuss the recession of 2008 in terms of the aggregate supply and demand framework .2 . What supply – side factors may have influenced the recession ?"3 .What measures have been taken to increase demand in the recent recession by thegovernment ?". . What measures have been taken to increase demand in the recent recession by the banks ?5 . Did these measures actually work ? Why or why not ?