Reference no: EM131438327
Assignment: Short-Run Economic Fluctuations
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
Resources: National Bureau of Economic Research
Select an organization your team is familiar with or an organization where a team member currently works. General Motors
(Our bullet points have nothing to do with the organization we pick, it is just for selection purposes)
Create a 15- to 20-slide Microsoft PowerPoint presentation to present to the organization's Executive Committee.
Include the following items:
• Identify the three key facts about short-run economic fluctuations and how the economy in the short run differs from the economy in the long run.
• 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.
• Explain how monetary policy affects interest rates and aggregate demand. 2 slides
• Analyze how fiscal policy affects interest rates and aggregate demand. 2 slides
• Evaluate why policymakers face a short-run trade-off between inflation and unemployment.
• Evaluate why the inflation-unemployment trade-off disappears in the long run.
Format your paper consistent with APA guidelines.
|
Main approaches toward social responsibility
: What are the four main approaches toward social responsibility that a company can take?
|
|
What is roi
: Return on investment (ROI) is computed in the following manner: ROI is equal to turnover multiplied by earnings as a percent of sales. Turnover is sales divided by total investment.
|
|
Management of employee welfare and employment discrimination
: What are the correlations between Management of Employee Welfare and Employment Discrimination? How would the HR professional go about determining a curriculum and training method? Can you think of a time when you worked with a negative work group? H..
|
|
What can be done to limit software errors
: The largest power blackout in North American history hit the northeastern United States and southeastern Canada. More than 50 million people lost power, some for up to two days. At least 11 people died as a result of the blackout. Total cost: $6 b..
|
|
Identify three key fact about short-run economic fluctuation
: Identify the three key facts about short-run economic fluctuations and how the economy in the short run differs from the economy in the long run.
|
|
Manufactures cotton beach towels
: George owns as factory that manufactures cotton beach towels. George promises to buy all the cotton he needs from Farmer Mike for the upcoming growing season.
|
|
Discuss about the rapid application development
: Pick one of the alternative software development methodologies: Prototyping; Rapid Application Development (RAD); Spiral Model. Compare it with the traditional SDLC. Find at least three ways in which they are similar and three ways in which they a..
|
|
What causes the lags in the effect of monetary
: Consider what causes the lags in the effect of monetary and fiscal policy on aggregate demand. What are the implications of these lags for the debate over active versus passive policy?
|
|
What is the break even volume
: A firm installs 1500 air conditioners which need to be serviced every six months. The firm can hire a team from its logistics department at a fixed cost of $6,000.
|