Aggregate Demand and Supply Paper - 1955 Words

Aggregate Demand and Supply Models Economic Critique Ken Drake, ECO 372 Macroeconomics September 10, 2012 Jason Foster Aggregate Demand and Supply Models Economic Critique In the United States the economy is currently in a recession, although signs are indicating that the economy is slowly recovering. In an effort to analyze the Unites States economy the unemployment rate, expectations, consumer income, and interest rates have been evaluated. The results of these evaluations are included in this report. Unemployment in the United States fell to 8.1% from 8.3% in July. U.S. employers are said to have added 96,000 jobs in July (KSL News, Sept) . According to reports from the department of workforce services the†¦show more content†¦Just like looking for a good time to buy into a stock, a person needs to look at several months of data to find a consistent pattern of troughs and peaks in the supply and demand wave, draw a line to mark out floor and ceiling, and then buy your stocks as the price climbs and sell before it reaches the top. Expectation can now be based on past events laid out in a reoccurring pattern. There is still some guesswork involved however, but not like it was in the past. The downward spiral of the United States economy can be caused by different factors. For example, record high gas prices and sub prime mortgage loans are tow key contributors. With the United States gas prices and unemployment rates at an all time high, it is no secret why consumers naturally spend less money. Consumers are using more money for their gas tanks just to get to work everyday, and the though of going on vacation or shopping is just a dream now for most. A higher price level reduces the purchasing power of the publics accumulated savings account balances (Aggregate demand and aggregate supply, 2012). A higher price level heavily wears out the purchasing power of such assets, the general public is much poorer and will automatically reduce its spending. Sub prime mortgage loans were designed to help people with bad credit purchase a home when they would not qualify. They w ere also designed to help people who didnt make quite enough incomeShow MoreRelatedOverview of Interrelated Aggregate Demand and Aggregate Supply Curves1544 Words   |  6 Pagesï » ¿Aggregate Supply Curve Variables One of the major facets and functions of modern macroeconomic and microeconomic theory are the interrelated aggregate demand and aggregate supply curves. 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Timeless Relations free essay sample

Timeless Relations A ray of light shone through the slit of my eyelids causing a slight pain. As I opened my eyes and my pupils struggled to adjust to the light, a Blue Angel ripped through the sky above me with incomprehensible speed. I watched my mother and father conversing on the aft of the boat while my sisters, giggling together, dangled their legs over the bow. Countless boats, filled with families and friends enjoying each other’s company, anchored in Lake Erie around us. Another Angel soared past, causing a belated but nevertheless deafening sound. I thought about how much the world has changed, how quickly it moves, and how little we, as humans, enjoy the one thing time cannot alter: relationships. Pilots in their jets flew by at high-speeds with instantaneous altitude changes and swift turns. They traveled fast, faster than any human being or aircraft ever manufactured before. We will write a custom essay sample on Timeless Relations or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The other spectators and I stared on. At that moment, our lives seemed comparatively uneventful and slow. These people of practical affairs, casually, joyfully, and whole-heartedly listened to each other as the airborne acrobats performed above. How simple these times seemed compared to the trials, training, and skills required of the men hundreds of feet above traveling at record breaking speeds. As a passing Blue Angel reached supersonic speed, my life seemed to slow down. I realized the beauty of time, especially time spent with others. Just as the Blue Angels speed by, so do our daily lives. Technology stresses speed and instant gratification. Cell phones have taken once heartfelt, genuine goodbyes and turned them into triple character text messages, such as â€Å"cya!† People have personal connections through cyberspace. They no longer have conversations, but rather exchange voicemail transactions. Companies advertise faster service, next day installation, on demand vide os, and high-speed internet on the go. While lying on the boat rocking us back and forth, I marveled over society today. What happened to friendly consumer service, quality installation, and a genuine desire to make others happy? Everything now originates from convenience rather than from devoting our priceless time to others and to building lifelong relationships. Lifestyles change with time. Technology, language, music, and fashion, they all change. But one thing that never will change is people and their relationships. Parents love their children the same in contemporary times as they did thousands of years ago. Likewise, children now and children of medieval periods love their parents equally. A common connection among our world’s cultures is interpersonal connections. One era is connected to another by relationships. Romance novels, such as Gone with the Wind, are timeless stories with which all people can relate. Friends and family have played significant roles in our lives for centuries; however we do not appreciate them enough. Why not treasure the one thing time has not changed? Humans will always need love, affection, and understanding. A thunderous sound roared around me. The Blue Angels passed overhead, this time together. I sat up and rested my back against a life-line on the side of the boat. The six Solos assembled into their standard diamond formation to form a family of aircraft. They flew as one unit performing barrel rolls and flips. I felt sorrow as the air show approached its end, yet renewed by my fresh outlook on the world. I stood up to join my sisters at the bow and sat beside them. They turned, their eyes met mine and I smiled. Eager not to be excluded a moment more from my family, I added a comment and contributed to the laughter filling the front of the boat. I kicked my feet back and forth as my sisters did. Our six legs moved forward and back in unison as the six Angels flew past together one last time.