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.
