This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: economic recoveries but has remained lackluster this time. 5. Use aggregate supply and demand to illustrate the impact of the housing market on our economy. People not buying new houses will cause investments to go down, also causing consumption to go down because people will spend money on things. This will cause aggregate demand to shift down. Aggregate supply will stay the same because with no one buying new homes, there will not be anymore built, also the new homes will not be knocked down so there will not be an increase or decrease in demand....
View Full Document
This note was uploaded on 03/08/2012 for the course ECO 2010 taught by Professor Staff during the Fall '11 term at University of Central Florida.
- Fall '11