Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

Download Solution

Related Solution

Module 3 Assignment...
The topic that I have identified for the research is: How the act of prohibiting the importation of slaves has improved the lives of African-Americans in the United States in the 21st century....

Module 3 Assignment 2
Module 3 Assignment 2

The topic that I have identified for the research

Discussion 5_Anthony...
A leader, in most of the situations, plays the role of being a change agent in an organization so that the various processes in the organization can be effectively carried out and the firm can be sust...

Discussion 5
Discussion 5

A leader, in most of the situations, plays the rol

Devaluing PWD Assign...
1. It is disheartening to see the way people with disability are treated even at this juncture where the society claims it to be modern. All of the negative connotations pertinent to the ill treatment...

Devaluing PWD Assignment
Devaluing PWD Assignment

1. It is disheartening to see the way people with

Changes in Aggregate Demand and Aggregate Supply

Changes in Aggregate Demand and Aggregate Supply

Q The following article from The Conversation, Relief or Stimulus: What’s the Difference, and What It Means for Biden’s $1.9 Trillion Coronavirus Package, discusses the 2021 $1.9 trillion COVID-19 aid package. Pay attention to the description of the need of the financial package. The COVID-19 pandemic affected both aggregate supply and aggregate demand. The article should allow you to apply the concepts from this week's lessons to the economic reality of the COVID-19 pandemic. Discuss an example of a shift in either aggregate demand or aggregate supply that you observed in the last year. (Remember, don't focus on one particular market. Discuss the total demand or supply affecting all markets in the economy.) Discussion Expectations Your discussion post should fully answer the prompt above (due 11:59 p.m. CST Wednesday). Then respond to at least two of your classmates' posts by 11:59 p.m. CST Sunday. Visit the Start Here module page Discussion Criteria to view specific discussion requirements, examples, and the discussion rubric.

View Related Questions

Solution Preview

View Complete Solution
In the last year, I observed that both the aggregate demand and aggregate supply declined too much but in this discussion, I discuss how aggregate demand decreased during the COVID 19 pandemic. During the COVID 19 pandemic, most of the countries' governments took precautions and declared a lockdown for a certain period of time. Due to the lockdown, all sectors except health care sectors were partially closed or completely closed for certain periods, and for that, all the processes for the production of goods and services were stopped partially or completely.