Please synthesize and summarize a short (three - four paragraphs) response for the prompts below. Use proper grammar, spelling, and cite any resources used with APA 6th ed. formatting).
1) What is the relationship between aggregate demand and consumption? Describe the various components of Aggregate Demand and the importance of each. How do changes in these components affect the economic outlook for the economy? What are the key determinants of Aggregate Supply and how might these be shifted?
2) Explain why economic growth might be higher in a country with well-established property rights and a stable political system compared with a country where property rights are uncertain and the government is unstable. Provide examples from around the world to support your argument (cite sources).