Question
You will need to find and share an article; and explain the impact on the US economy in terms of the ASAD model. (Refer to
You will need to find and share an article; and explain the impact on the US economy in terms of the ASAD model. (Refer to Table 25.1 in the book!)
https://openstax.org/books/principles-economics-2e/pages/25-1-aggregate-demand-in-keynesian-analysis#ch25mod02_tbl01
Each of you needs to find an article about a situation that caused a shift in either AD or AS. You can go back through history and may want to start by researching recessions in the past and what caused them. OR periods of rapid GDP growth and what caused that.Everyone must find a unique example, meaning a different year that no one else has reportedon. 2019,1945,and1980hadbeenchosenbymyfriendssoexcepttheseyear
Remember to think about the BIG picture and not make this into a basic supply and demand exercise like back in Chapter 3, it has to be bigger than one product or market.
Include a link to your source of information and your opinion on what kind of a shift was going on.
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