Assignment Task:
Article: Bank of Canada ready to step in if global financial crisis causes 'spillovers' to banks here
Topic: Looking around: AD&AS model as Evidenced in a Current Affairs News Article Description: In this reflection you are to 'connect" some practical issue or situation and reflect your ideas about how the issue is related to the economic theory of the Aggregate demand and Aggregate supply model. Read the article and address the following questions/discussion points:
1. What, in the article, provides evidence of a connection to the Aggregate demand and Aggregate supply model? Be specific.
2. How does the model provide you with some clarity on understanding the article OR how does the article provide you with clarity on understanding the model.
3. How, in the limited amount of economics we have covered thus far, has your perspective on how the economy works changed?