A. Why do consumers want to save more in the weak economy? What influences our consumption?
B. Should governments be made by law to balance their budgets, or should they be permitted to run deficits sometimes? Should you go into debt sometimes? Explain?
C. Why do consumers want to save more in the weak economy? What influences our consumption?
D. What is the difference between the long-run aggregate supply curve and the short-run aggregate supply curve?
E. What is the aggregate demand (AD) curve? What are the components of AD? What factors can shift the AD curve?