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.