Sunday, March 12, 2017

Chapter 33 Blog Post

This chapter discusses the fluctuations that take place in the market on an often basis. In econ so far (or rather in macroeconomics) we have tended to pay more attention to the what typically happens to the market in the long term. In this chapter we now focus on what happens immediately, and how that may affect our expectations of what might happen in the long run. Much like any other chapter we explore the many different possibilities that may lead to a higher aggregate supply and aggregate demand. Aggregate supply and demand are variables basically dictated by how much we may want to purchase abroad, opposed to domestically. This to me still doesn't quite make that much sense to me, as I'm sure that we could very easily use what we learned from the last chapter to dictate all of this. The only positive to choosing the latter is that it seems to be very time efficient as it requires less graphs. I found the reading to once again be a little too time consuming and long. I believe that they made the chapter a little too long and content heavy so one can only imagine what the assessment on the chapter will contain.

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