ECO
201 DF: Listed below are
topic(s) I would like for each of you to discuss throughout the week.
In Weeks 2-8 you will
be approaching the discussion forums as if you were a
city council member. Your replies to others will be from the perspective of a
concerned community member.
This week’s City
Council Scenario: Despite your best efforts, the region is falling into a
recession.
Explain what being in a
recession means using the AD/AS framework.
The council is wanting to
encourage the community to spend more money. The community is concerned
about their finances and want to save in instead. Convince the community
to increase consumption using the AD/AS framework.