AB 204 Week 8 Discussion | Assignment Help | Kaplan University

AB 204 Week 8 Discussion | Assignment Help | Kaplan University 

Unit 8 Discussion Topic 1

Aggregate Demand and Aggregate Supply

The Discussion topics deal with aggregate demand and aggregate supply, and the introduction to basic concepts in open-economy macroeconomics. The specific areas of discussions are the AS-AD model, AS and AD curves, macroeconomic goals, macroeconomic equilibrium, shocks in AS and AD demand, and key concepts in open-economy macroeconomics.

Read Chapters 18 and 20, and remember to include references and links to the websites that you feel are important contributors to your posts (comments).

Aggregate Supply (AS) and the Aggregate Demand (AD) model and AS/AD curves are essential to understanding macroeconomic fluctuations (business cycles).

a.    Discuss the importance AS-AD model in explaining the macroeconomic conditions of the economy and business cycles like recessions.

b.    What factors shift AS and AD curves? How do you explain macroeconomic fluctuations using AS-AD model and AS/AD curves?

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