Introduction In this discussion, you will expand on your understanding of aggreg
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Introduction
In this discussion, you will expand on your understanding of aggregate demand and supply by reading a news article on an economic crisis.
Instructions
Developing countries consist of both low and middle-income countries. You can do a quick search to find out which countries are considered developing on the web.
Consider looking at the following sources listed below. You can access these sources from the Texas Wesleyan Library. If you need support accessing these sources refer to this How to Access Journals through the Library document.
Wall Street Journal
The Washington Post
The New York Times
The Chicago Tribune
USA Today
The Economist
In your initial post, first, post your article. Next, summarize the article for your peers and then, address the following questions:
What did you learn about the crisis?
What were the main causes of the economic crisis? What were the main consequences of the crisis?
What is one macroeconomic variable increased and one macroeconomic variable decreased during or after the crisis?
Which curve might shift: Aggregate demand or aggregate supply? Which direction might the curve shift? As a result, what happened to output (or GDP growth) and prices (or inflation)?
Responses
Respond to two of your peers who selected a different country than you did.
Compare and contrast the economic crisis of the country you have chosen and the economic crisis of the country chosen by your peers.
Directions
Make your initial post by Thursday 11:00 pm this week and comment on at least two of your classmates’ posts by Sunday 11:00 pm.
Post your response to the discussion and then read your classmates’ posts. Post a response to at least two of your classmates’ posts. Your initial post should be no less than 150 words and no more than 300 words. Your reply post should be no less than 75 words.
Discussions need to be professional. Please make proper use of capitalization and punctuation and make sure that there are no misspellings, incomplete sentences, or other grammatical errors.
The basic criterion for a discussion post to be considered effective is that your message is original and intelligible. You must communicate concisely and clearly.
Evaluation Criteria
Review the discussion forum rubric for this assignment (click Grading Information, and then click on the rubric icon on the right-hand side panel). Make revisions to your response if you have not met the requirements described in the rubric. This discussion is worth 30 points.
Image Credit: Nadeera, D. (2020, August 19). Surviving the World Economic Crisis . The Island. Retrieved from https://island.lk/surviving-the-world-economic-crisis/.
