Research Paper-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.
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.
Analyze how fiscal policy affects interest rates and aggregate demand.
*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.
