Write a post of 1 to 2 paragraphs, and include an image of your AD/AS model.
Between 2007 and 2009, the United States experienced a severe financial crisis and economic downturn commonly known as the Great Recession. Starting in 2006, housing values fell 30%, causing losses in mortgage-backed securities for families and financial institutions. The recession was marked by a drop in aggregate demand that caused a decline in GDP and an increase in unemployment.
In your initial post, draw or find an example of an aggregate demand and aggregate supply (AD/AS) model that illustrates the general trends of the U.S. economy during the Great Recession. (The example may be from your own research or from the textbook.) In addition to your image, provide a response to the following:
How did the AD/AS equilibrium change over time? Support your claims by referring to your AD/AS model.
Select an economic factor (GDP, unemployment, price level) and explain what impact any shifts in AD or AS (or both) had on your chosen factor.
istinction between positive and negative reasons for acting is useful to evaluate whether rewards or conformity are significant motivators for ratification. Two broad constructivist views explaining human rights treaty ratification through a focus on socialisation have been specified by Checkel (2005). Type I socialisation sees agents adopt roles that they see as appropriate, without a significant ‘process of reflective internalisation driven by communicative processes’. This practice sees individuals and states adopt roles and act in accordance with expectations, irrespective of whether they truly believe in or like the role. This conscious role-playing requires agents to understand what is socially acceptable in a given environment. In this sense, norms don’t have to be internalised for them to be able to constrain behaviour. Causal mechanisms for this view include group pressures and considerations of social dynamics and self-perceptions of status, legitimacy and identity. By contrast, Type II socialisation goes beyond this role-playing and sees agents internalise norms more fully, adopting the interests and identity of the community. Norms achieve a ‘taken for granted’ quality and agents align their behaviour with them as they see it is the ‘right’ thing to do. This is a deeper, more stable form of socialisation that sees ratification occur as states become convinced of the moral and legal worth of human rights treaties. Causal mechanisms include moral persuasion and reasoned deliberation, where principled ‘norm entrepreneurs’ convince states to embrace new norms. The idea that states interact in a global environment with shared principles, norms and institutions and may often rely on a logic of appropriateness rather than one of consequence is significant when evaluating empirical evidence for ratification. Research design The research undertaken here concerns the mechanisms and motivations that led the UK to ratify the CAT, an international human rights treaty. The decision to sign and ratify was preceded, as is typical in Britain, by a focused internal decision-making process. This is centred around an Inter-Ministerial Group joining together the Home Office, the Foreign & Commonwealth Office, and various other relevant stakeholders. The most appropriate type of evidence to analyse the required casual mechanisms for ratification is thus private evidence from this group. This is particularly true for considerations of reputation and identity, as states may not want to speak p>GET ANSWER