Using the aggregate demand/aggregate supply model, explain the difference in the employment prospects of the graduates of 2007 and 2009

The graduates of 2007 were facing an economy where both the aggregate demand and aggregate supply curves were shifting outwards leading to increasing real GDP, lower unemployment rates, and a high demand for labor. This position was heading in the direction of an inflationary gap, illustrated by the increasing salaries and bonuses received by the lucky graduates of 2007 . In contrast, the graduates of 2009 were facing a situation where the aggregate demand curve was shifting inwards, creating conditions more similar to a recessionary gap. This signaled a decrease in real GDP, increasing unemployment rates and lower salary offers and the virtual disappearance of bonuses and other signs of a seller's labor market.