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..
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.
Create a 3 slide Microsoft® PowerPoint® presentation to present to the organization’s Executive Committee.
Apple is the organization being used
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.
