a) There has been an intense debate on Aggregate Demand an Aggregate Supply side policies. Please read this blog from a few years ago.
http://welkerswikinomics.com/blog/2011/10/31/keynes-versus-hayek-101-the-debate-continues/
You may want to watch the following video with this debate theme;
http://www.npr.org/blogs/money/2011/10/28/141802704/the-friday-podcast-keynes-vs-hayek
There are also others pay attention to the same issue:
http://www.cbsnews.com/news/demand-not-supply-is-restraining-the-economy/
http://economix.blogs.nytimes.com/2011/08/16/its-the-aggregate-demand-stupid/?_php=true&_type=blogs&_r=0
Question: Based on your readings on the topic (textbook, above links), which side is right (Aggregate Demand side or Aggregated Supply side)? Why?
b) After reviewing these sources, write a report (clearly typed in a MS-Word file using MS-Word). Your report should be broken into two sections:
Section 1: Summary of the Issue (two paragraphs long, 5-10 sentences in each paragraph): Tell me what the issue is, what major points the authors were conveying, and what their conclusions were. Do not copy/paste excerpts from the articles or various web-sites. Summary should be in your own words and should be based on your understanding of the issues covered in the articles.
Section 2: Your Thoughts on the Issue (two paragraphs long, 5-10 sentences in each paragraph): Based on your review of the materials, please comment on the question above (critically evaluate the issue; provide supporting evidence, examples for your own point of view).
