Ch 10 explains the difference between the level of trade and the trade balance. The level of trade indicates how much of a nation’s GDP consists of exports and imports, while the trade balance tells us how much a country imports compared to its exports. For this discussion, your task is to: 1 Explain how these two measures work together, and how (if taken out of context) we may be misled about the state of the economy on the global market. 2 In response to two of your peers, create an example that illustrates the misconception raised in your peer’s initial post. resents the Neoclassical and Keynesian Zone on the AD/AS curve. In the middle we have an intermediate zone. Ch 11 (see attachment) One interpretation of these zones is that when the economy is in the Neoclassical, or Keynesian zone, more people will be favorable towards that type of policy. For example, when times are good, people will favor Neoclassical policy, while they will favor Keynesian policy when times are not so great. For this discussion, your task is to: (see attachement) 1. Explain why these “zones” may lead to debate regarding what type of policy a society ought to implement; it may help to think about how tolerant people are of bad times. book link https://openstax.org/books/principles-macroeconomics-3e/pages/preface
