I have 3 projects need to bedone toight, each project need to find 1 article online for the source then do these steps. 1. ARTICLE TITLE: article link source Analysis article 2. ECONOMIC CONCEPT:...

Running Head: ECONOMIC CONCEPTS
Economic Concepts 1
Running Head: ECONOMIC CONCEPTS
Economic Concepts
Name
Institution
Journal entry# 1
Article title: “Government's Unique Situation”
http://www.infoplease.com/cig/economics/government-unique-situation.html
Economic Concept: Law of Demand
This article serves as a good exemplar of the economic concept of the law of demand. According to this law, as prices increase, the demand for that product decreases and vice versa. Put simply, consumers will tend to buy less of a product whose price has risen. The negative correlation between price and quantity demanded yields a curve that slopes from left to right.
Article Analysis
According to this article, the government’s unique situation is determined by the interrelation of the consumption (C), Investment (I) and government spending (G). The summation of these elements i.e. C+I+G determines total demand. An increase in any of the elements will occasion an increase in aggregate demand.
The figure above depicts how the three elements add up to establish the equilibrium point of the GDP. The line c on the graph signifies consumption, line C+I represents the summation of consumption by individuals and investment by businesses. The line C+I+G represent aggregate demand. The equilibrium point E is set at the point of interaction between the...