Solved: How would a change in ad and as affect the economy, Macroeconomics

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How would a change in ad and as affect the economy

Discussion Post: Principles of Macroeconomics

Aggregate Demand and Aggregate Supply

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.

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