I need at least a paragraph for each question!! 1) Khan Academy explains how the

Question

I need at least a paragraph for each question!!

1)Khan Academy explains how the Aggregate Demand/Aggregate Supply model can be used to explain the economy during Lyndon Johnson's presidency. Watch the video at http://www.khanacademy.org/science/macroeconomics/aggregate-supply-demand-topic/historic-ad-as-scenarios/v/demand-pull-inflation-under-johnson and pick a time in modern U.S. economic history and explain it using the AD/AS model.

2)Read the following article: http://www.reuters.com/article/2013/04/08/us-markets-global-idUSBRE88901C20130408

Explanation / Answer

1. agreegate demand and supply model is aptly explained Lyndon Johnson's riegn. THe economy had its main focus on development of strong middle class. The target was to remove poverty and make the country free of poverty.The AD-AS curve clearly mentions that as the price of commodity decreases the demand has increased indicating the purchasing power of the people and thus being a reflection to ecomic situation of the society at that period!

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.