Effect of economic factors on aggregate demand and supply
Microeconomics
Imagine that your Learning Team is a group of international reporters. You have been tasked with describing and critiquing the current state of the U.S. economy.
Describe the current state of the following economic factors:
· Unemployment
· Expectations
· Consumer Income
· Interest Rates
Identify the existing effect of the economic factors on aggregate demand and supply
Identify fiscal policies that are currently being recommended by government leadership.
Evaluate the effectiveness of those fiscal policy recommendations from the Keynesian and Classical model perspectives.
