Changes in the AS and AD curve

 

 

 

We see instances of changes in the AS and AD curve all around us every day. Let us investigate the applications of AS and AD.

Part I: Give an example of the multiplier effect in action. Ensure to discuss the other areas that change in response to an initial change in either investment or consumption (minimum of 6 sentences). Properly cite any referenced material using APA citations.

Part II: Find an article that focuses on a change (shift) in AS or AD. Give a summary of the article and the overall change in the price level and output due to this change (minimum of 8 sentences). Ensure to include proper APA documentation.

Part III: Respond to two classmates’ posts regarding Part II (minimum of 5 sentences). Ensure to discuss the personal impact of the article.

 

 

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