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    For prof James ONLY 6-17

    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.

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