ECO203 Ashford The Current State of the US Economy

Wk 2 Discussion 1

The Current State of the U.S. Economy [WLOs: 1, 2] [CLOs: 1, 2, 4, 6]

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Prior to beginning work on this discussion, read David Malpass’s article, Five Big Steps Toward Faster Global Growth (Links to an external site.)Links to an external site.. Based on the information presented in Malpass’s article, respond to the following components:

  • Would you agree or disagree with David Malpass’s suggestions? Why or why not?
  • What challenges will the U.S. economy face given a higher debt limit for future economic growth?

Describe what would happen to GDP, the unemployment rate, and the inflation rate if global growth declines.

Your initial post should be a minimum of 300 words.

Wk 2 Discussion 2

Aggregate Demand and Aggregate Supply [WLO: 3] [CLOs: 1, 2]

Prior to beginning work on this discussion, read Chapter 6 in the course text and respond to the following components:

  • Discuss the reasons why the aggregate demand (AD) curve slopes downward.
  • What causes the AD curve and aggregate supply (AS) curve to shift, respectively?
  • How would a change in AD and AS affect the economy, respectively?

Why do Keynesian economists emphasize AD whereas classical economists emphasize AS?

Your initial post should be a minimum of 300 words.

 
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