This BBC report says the US recession is continuing
http://news.bbc.co.uk/1/hi/business/8024839.stm
a) Write out the AD formula and explain what is happening to each component
b) Using an AD/AS diagram, explain the effect on the US economy
c) Using an AD/AS diagram, explain the effect the fiscal stimulus package should have on the economy
d) Why does the package not appear to be having the desired effect?
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