Before Class on Tuesday, November 23rd
Read: Economics Online (2021)
Watch (5:17): Khan Academy (transcript available at link)
In Class
NO CLASS on Friday, November 26th
Material Links
Economics Online. (2021). “The AD- AS Model” https://www.economicsonline.co.uk/Managing_the_economy/Introduction_to_aggregate_demand_and_aggregate_supply.html
Khan, Sal. “Shifts in Aggregate Demand.” https://www.khanacademy.org/economics-finance-domain/macroeconomics/aggregate-supply-demand-topic/macro-changes-in-the-ad-as-model-in-the-short-run/v/shifts-in-aggregate-demand
The author talked about the Aggregate demand and Aggregate supply. Explaining if prices went down people would buy more and Real GDP would go up and the same effect would happen if the opposite had to happen.. Do you agree or disagree and why?
I agree because if interest rates went down and more investments are made GDP would go up.
This article related to (current event). What side do you think the author would take? With the current event with inflation and interest rates going up during the pandemic demand is more and GDP is currently going down.
This article reminded me of my own experience (at work/with my family/at school). Did anyone else see a similarity to their own life? This reminds me of the Tax cut that we had this year because of covid and this caused aggregate demand to shift right.
Tell me a piece of information you learned (not a topic you learned about) I have learned that Real GDP can be affected by so many different facts that the government has control over such as Interests, Government spending, taxes and exports.
Tell me your favorite part AND your least favorite part. My favorite part is that there is so many different macro pieces that influence Real GDP, my least favorite part is that more data could be added to GDP other than Consumption, investment, spending and exports.