Help me reply to these two students posts:

Post 1:

Gail Duncan posted Mar 9, 2024 11:01 AMSubscribe

Hi Class,

I listening to Market Place on Who can afford to buy a home these days? One of the topics was talking about how inflation is bumpy right night. They say some people do not not what to spend because they do not not know what the days to come may bring. The gas price is high so people are spending less on groceries to save for gas. As long as the market is going good and people have jobs the economy should get better. Right now it is a little rocky getting back from Covid-19, They say it may be steady for awhile but it should get better.

I think the economy is getting better from what I see. I work at Walmart it seems a lot of people are shopping buying more. The place is hire more people and giving raises. I think that that is good and things are moving in the right direction. I have not seem prices go down much and home rates are still high. I think the government should do something about high rates. I am not sure what can be done for people who would like to buy a home if rates stay the same.

Gail

Post 2:

Cheryl Mcduffie posted Mar 10, 2024 8:45 PMSubscribe

Hello,

I choose to listen to a podcast called S E41: Aggregate Demand & Aggregate Supply - Think Like An Economist - Podcast - Podtail In the beginning of the podcast when they stated that aggregated demand is the amount of stuff people want to buy and aggregated supply is the total amount of stuff that businesses want to produce and sell. Which as consumers we demand less stuff when the amount of it is higher. Which for me I can relate especially with the prices from inflation there has been in some cases when shopping and determining if it is a want and need, but depending on the place of choice when shopping a person might get more for their money which I have also been familiar with but when shopping. two things a consumer will consider which is how much money that will be spend today versus the future. What I have learned is in a high economy that has a high level of output and businesses from retail, or restaurants will be in high demand and produce more and because of how the economy is operating. These businesses are comfortable with raising their prices due to the high demand but if something all of sudden changes in the economy regarding employment which if it falls that would lead to less wealth could cause a change in aggregated price.