write 400600 words that respond to the following questions with your thoughts ideas and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear and use examples to reinforce your ideas:Economists agree that increasing aggregate demand is the most expedient way to get the country out of a recession.Part 1:Define what is happening in the economy when a country is in an expansionary mode a recession and a depression. Which economic indicators do we monitor to ascertain where the economy is in the business cycle.Part 2:As an economic advisor to the president suggest 4 ways to increase aggregate demand using the following economic concepts. Make sure you answer in the context of the equation for GDP. All creative ideas are welcome!What is the difference between supply-side and demand-side economics? How do the above concepts fit into these definitions? Which do you agree with most as a solution to stimulating growth and why