Question
Most economists have been expecting a recession to come in the second half of 2023 or early 2024. The AD-AS model predicts that a recession
Most economists have been expecting a recession to come in the second half of 2023 or early 2024. The AD-AS model predicts that a recession should happen after a significant monetary tightening like the Fed has been doing, but of course, a lot of other changes are happening in the economy at the same time and different commentators often have different predictions. Is a recession likely to happen in the next year or two? If so, how bad will it be? If not, why not? What are the important factors that will determine how the economy will go? 1. What do you think? Use what you have learned in the course (or elsewhere) to share what your crystal ball shows of the near U.S. economic future. Add a link to an article or similar piece of writing that is consistent with your point of view.
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