Discussion Post: Principles of Macroeconomics
Prior to beginning work on this discussion, read Chapter 6 in the course text and respond to the following components:
a. Discuss the reasons why the aggregate demand (AD) curve slopes downward.
b. What causes the AD curve and aggregate supply (AS) curve to shift, respectively?
c. How would a change in AD and AS affect the economy, respectively?
d. Why do Keynesian economists emphasize AD whereas classical economists emphasize AS?
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.