Give causes for the downward tailspin of the economy

Reference no: EM13202259

•An unanticipated change in the growth rate of aggregate demand affects production and employment before they affect prices. Speculate why this occurs.

•The global economy in 2011 appears to be headed into a double-dip recession. Based on your knowledge of aggregate demand and aggregate supply, suggest the reasons and causes for the downward tailspin of the economy.

Reference no: EM13202259

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