Explain economic fluctuations and how shifts in either aggregate demand or aggregate supply can cause booms and recessions using the model of aggregate demand and aggregate supply.
Purpose of Assignment
Students will example the model economists use to analyze the economy’s short-run fluctuations–the model of aggregate demand and aggregate supply. Students will learn about some of the sources for shifts in the aggregate-demand curve and the aggregate-supply curve and how these shifts can cause fluctuations in output. Students will be introduced to actions policymakers might undertake to offset such fluctuations. Students will see why there is a temporary trade-off between inflation and unemployment, and why there is no permanent trade-off.
Assignment Steps
OUR CHOSEN ORGANIZATIN IS MC DONALDS
Include the following items:
TWO SLIDES
Explain economic fluctuations and how shifts in either aggregate demand or aggregate supply can cause booms and recessions using the model of aggregate demand and aggregate supply.
ONE SLIDE
Evaluate why policymakers face a short-run trade-off between inflation and unemployment.
INCLUDE PROPER SPEAKER NOTES AND REFERANCES
Format your paper consistent with APA guidelines.
Attachments:
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