Bell Ringer: Aggregate Demand for Goods and Services
Aggregate Demand for Goods and Services
Talk Show Host Thom Hartmann on economic stimulus and aggregate demand for goods and services.
Description
Talk Show Host Thom Hartmann on economic stimulus and aggregate demand for goods and services.
Bell Ringer Assignment
According to Mr. Hartmann, what does classical economics suggest people at the bottom of the economy will do with their income? How does that effect the demand for goods and services?
Based on this theory, might raising the minimum wage stifle or stimulate the economy? Are there additional determining factors that may need to be considered (effect on small business, job numbers, inflation, etc)?