Term Papers: discuss temporary trade-off between inflation and unemployment, and why there is no permanent trade-off.

Term Papers: discuss temporary trade-off between inflation and unemployment, and why there is no permanent trade-off.

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.