{"id":210578,"date":"2018-09-14T12:48:50","date_gmt":"2018-09-14T12:48:50","guid":{"rendered":"http:\/\/localhost\/wordpress\/index.php\/2018\/09\/14\/eco-203-week-2-dq-1-the-current-state-of-the-economy-and-unemployment\/"},"modified":"2018-10-24T09:09:46","modified_gmt":"2018-10-24T09:09:46","slug":"eco-203-week-2-dq-1-the-current-state-of-the-economy-and-unemployment","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/eco-203-week-2-dq-1-the-current-state-of-the-economy-and-unemployment\/","title":{"rendered":"ECO 203 Week 2 DQ 1 The Current State of the Economy and Unemployment"},"content":{"rendered":"<p>The Current State of the Economy and Unemployment\u00a0\tImagine a scenario where there is a decline in aggregate demand.\u00a0 Identify which part of the business cycle is part of a decline in aggregate demand.\u00a0 Gross Domestic Product (GDP) measures the amount of new production. A change in the amount of new production affects employment.\u00a0 Describe what would happen to GDP, the unemployment rate and the inflation rate if there is a decline in aggregate demand.\u00a0\tReference: Chapter 6, section 6.3: Aggregate Equilibrium and Changes in Equilibrium.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Current State of the Economy and Unemployment\u00a0 Imagine a scenario where there is a decline in aggregate demand.\u00a0 Identify which part of the business cycle is part of a decline in aggregate demand.\u00a0 Gross Domestic Product (GDP) measures the <a href=\"https:\/\/www.benedictsol.com\/blogs\/eco-203-week-2-dq-1-the-current-state-of-the-economy-and-unemployment\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-210578","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/210578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=210578"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/210578\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=210578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=210578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=210578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}