ECO203 Ashford The Current State of the US Economy

Wk 2 Discussion 1 The Current State of the U.S. Economy [WLOs: 1, 2] [CLOs: 1, 2, 4, 6] Prior to beginning work on this discussion, read David Malpass s article, Five Big Steps Toward Faster Global Growth (Links to an external site.)Links to an external site.. Based on the information presented in Malpass s article, respond to the following components: Would you agree or disagree with David Malpass s suggestions? Why or why not?What challenges will the U.S. economy face given a higher debt limit for future economic growth? Describe what would happen to GDP, the unemployment rate, and the inflation rate if global growth declines. Your initial post should be a minimum of 300 words. Wk 2 Discussion 2 Aggregate Demand and Aggregate Supply [WLO: 3] [CLOs: 1, 2] Prior to beginning work on this discussion, read Chapter 6 in the course text and respond to the following components: Discuss the reasons why the aggregate demand (AD) curve slopes downward.What causes the AD curve and aggregate supply (AS) curve to shift, respectively?How would a change in AD and AS affect the economy, respectively? Why do Keynesian economists emphasize AD whereas classical economists emphasize AS? Your initial post should be a minimum of 300 words.

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