Short-Run Economic Fluctuations Power Point Slide show

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ghavg21

Economics

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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

Resources: National Bureau of Economic Research

Select an organization your team is familiar with or an organization where a team member currently works.

Create a 15- to 20-slide Microsoft® PowerPoint® presentation to present to the organization's Executive Committee.

Include the following items:

  • 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.

Format your paper consistent with APA guidelines.

Unformatted Attachment Preview

Short-Run Economic Fluctuations Grading Guide ECO/372 Version 10 Principles of Macroeconomics Copyright Copyright © 2016, 2015, 2014 by University of Phoenix. All rights reserved. University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix® editorial standards and practices. Short-Run Economic Fluctuations Grading Guide ECO/372 Version 10 Learning Team Assignment: Short-Run Economic Fluctuations 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. Resources Required National Bureau of Economic Research Grading Guide Content Met Partially Met Not Met Total Available Total Earned 7 #/7 Students selected an organization the team is familiar with or an organization where a team member currently works. Students identified the three key facts about short-run economic fluctuations and how the economy in the sort run differs from the economy in the long run. Students explained 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. Students explained how monetary policy affects interest rates and aggregate demand. Students analyzed how fiscal policy affects interest rates and aggregate demand. Students evaluated why policymakers face a short-run trade-off between inflation and unemployment. Students evaluated why the inflationunemployment trade-off disappears in the long run. Presentation consists of 15 to 20 slides and is appropriate for the audience. The presentation includes relevant media and visual aids that are consistent with the content. Comments: 2 Short-Run Economic Fluctuations Grading Guide ECO/372 Version 10 Presentation Guidelines Met Partially Met Not Met Total Available Total Earned 3 #/3 10 #/10 The presentation is laid out with effective use of headings, font styles, font sizes, and white space. Intellectual property is recognized with in-text citations and a reference page. The presentation includes an introduction and conclusion that preview and review major points. Major points are stated clearly; are supported by specific details, examples, or analysis; and are organized logically. Rules of grammar and usage are followed including spelling and punctuation. Assignment Total Additional comments: # Comments: 3
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Explanation & Answer

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FORD MOTOR
COMPANY
SHORT RUN ECONOMIC
FLUCTUATIONS
Student’s Name

Professor’s Name
Course Title
Date

INTRODUCTION






Ford motor company is a firm that operates in the automobile
industry
The economic activity of the company, just like any other’s
undergoes fluctuations from one year to another.
Over time, the production of automobiles has increased due
to a rise in the capital stock, the labor force, and advanced
technology, this growth in the economy allows for people to
enjoy high living standards.
The model of aggregate demand and aggregate supply is
used in analyzing short run fluctuations in the economy.

SHORT-RUN ECONOMIC FLUCTUATIONS
 Economic

activities fluctuate every year i.e.

 The

production of motor vehicles goes up in most years.
 During certain years, when normal growth does not take place,
a recession takes place
 The production of motor vehicles in the economy of the United
States has risen by approximately 3 percent every year.
A

recession refers to a duration where the real GDP
declines, incomes fall, and unemployment rises.
 A depression occurs as a result of severe recession
(Friedman & Vandersteel, 1982)

SHORT RUN VS LONG RUN
SHORT RUN
 Labor

quantity is variable
but production processes
and capital quantity are
fixed.
 Fixed costs are usually
already covered and thus
unrecoverable or “sunk”

LONG RUN




The labor quantity, processes
of production, and the
capital quantity in the
company are all variable.
The fixed costs have not
been decided yet and not
paid, thus...


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