Aggregate Demand and Aggregate Supply Analysis
Aggregate Demand and Aggregate Supply Assignment – (Counted out of 30, but 40
points possible); Due by Wednesday, March 16, 2022, 11:59 PM.
In this exercise, you will take material learned from class and apply it to a real-world situation.
Here are the steps of the assignment:
Part I (Up to 30 points possible, counted out of 25).
1. Find an article written in the last three months that discusses a change, or changes, in a macro economy. It could mention recent changes in inflation,
unemployment, GDP, or something else. It may be in reference to the U.S. economy, or it could discuss another economy. You have a lot of flexibility
in this assignment. You must provide documentation of your article in sufficient detail so that anyone else in the class can find your article. I leave the
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documentation format to you, such as MLA, APA, or another format, but the citation is REQUIRED and must be specific enough so that your article can
be located by others. The Wall Street Journal is an excellent source for this assignment, but you can use any credible source.
2. Summarize the article IN YOUR OWN WORDS. You need to provide specifics in terms of what is happening and why.
3. Analyze what is happening in terms of the aggregate demand/aggregate supply model. In this section you must be very detailed. Explain which curve
or curves are moving, which way they are moving, and why.
4. State the concluding results of your analysis.
5. Post your work to the discussion board by using the Reply button below. You will probably want to copy and paste your document.
6. You cannot move on to Part II until you have completed Part I.
As an example of steps 3 and 4, assume that you have located an article that consumers in South Africa are expecting a worsening economy due to large
declines in tourism. After summarizing the article and providing the citation information, you then go on to state that the expectations of a worsening
economy causes a decrease in consumption spending. This results in a leftward shift of the AD curve and causes a lower equilibrium price level, a lower
real GDP, and higher unemployment.
If there are influences on aggregate demand and aggregate supply, you must indicate this and discuss the uncertainty resulting from the movement of the
two curves, unless the article provides enough information to eliminate the uncertainty.
Part II (Up to 10 points possible, counted out of 5)
1. Review the post of a classmate.
2. Write a commentary on their post. If you agree with the analysis, indicate this. If you disagree, indicate why. Be sure to follow the rules of Netiquette
outlined in the syllabus. Most importantly, be professional and polite. Your comment must be substantive. You will not receive any points if you
merely state “I agree,” “good job,” or make a similar remark.
Grading Details
As described in the syllabus, while this assignment is counted out of 30 points, you can earn up to 40 points if you do great work and get bonus points.
There is no specific requirement regarding the number of words or length of your submission because this will be determined by the length of the article,
the number of influences involved, and the amount of analysis required. However, your submission in Part I should be at least 250 words and an example
of excellent writing. Do not add words unnecessarily. YOU MUST DO PART I BEFORE YOU CAN DO PART II. Your submission in Part II will likely be
shorter, but there is no specific word guideline due to variability in length of the original submission and its accuracy. Your grade in your original post and
peer comment is based on compliance with the steps, accuracy, grammar, and appropriate tone. All work must be completed by 11:59 PM on March 16,
2022. There are no extensions possible on this assignment.
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