Your responses should be at least 75 words in length for Each question. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
1. Explain why the aggregate demand curve slopes down.
2. How is the U.S. national economy different from those of other nations?
3. Why is it difficult to test macroeconomic theories?
4. What impact did the Great DEPRESSION
have on the way government set policy?
5. An increase in the sale of new houses is often a sign that an economic expansion is coming. Why would this be the case?