During a recession like 2008 until now, each party has had a different policy towards increasing economic growth. Discuss the major differences that you see between the Democrat and Republic policies to overcome our present recession. One group is said to be a demand side and the other to be a supply-side, which party desires to push the AD curve vs. the AS curve forward. Discuss the Phillips curve and how the short run and long run Phillips differ. What are supply shocks and offer a recent example of such a phenomenon.