Click on the i to read the instructions

Then look at the data for Ireland and answer the questions. Click on a graph to view it full screen.

Between 1994 and 1999, what is happening to AD?
What would you expect to happen to unemployment, and why?
What does happen to unemployment?
Look at inflation (1996-99) – what happens to it?

Use the pen tool to draw an AD/AS analysis to explain what you think is going on:

Now look at the year 2000 – what is now happening? Adapt your diagram above to show this. Show this using AD/AS analysis:

Finally, use AD/AS analysis to explain what happens in Ireland between 2007 and 2011:

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