ECO 372 Week 3 Learning Team - Aggregate Demand and Supply Models

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For this assignment, you will choose from the following options:

• Option 1: Economic Advisement Paper
• Option 2: Economic Critique

Read the instructions in the University of Phoenix Material: Aggregate Demand and Supply Models located on the student website and select one option to complete the assignment.

Aggregate Demand and Supply Models

The United States economy has been in a downward spiral for many years now and there have been many factors contributing to the steady decline. According to Wilson, L. (2011) “Much of the economic prosperity of the last twenty to thirty years was illusory. We lived beyond our means as a result of easy credit. Now we have the hangover from these good times in the form of excessive debt.” Unemployment, lofty expectations, consumer income and interest rates are just some of the key contributors that have affected the current state of the economy.
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