Prepare and carefully describe a graph that utilizes the Aggregate Demand
Aggregate Supply model that would illustrate the current
The Discussion Post #4 (20 points) is due on Sunday July 8 at 11:59 p.m. You should make two replies to the posts of other students by Tuesday, July 10 to receive full credit for your post.
For your Discussion Post #4:
Scatch and carefully describe a graph that utilizes the Aggregate Demand/Aggregate Supply model that would illustrate the current state of the aggregate economy in the United States. The Aggregate Demand/Aggregate Supply Model is first explained in Chapter 11 of your text. There are additional illustrations of the Aggregate Demand/Aggregate Supply model in Chapters 12 and 13.
You must draw your own AD/AS graph which you can then scan and paste into your post. Your graph needs to be clearly labeled and explained carefully. Make sure that your graph includes an aggregate demand (AD) curve, a short run aggregate supply (SRAS) curve, and a long run aggregate supply curve (LRAS, Potential GDP) curve.
You need to have gathered enough information about the current state of the economy to complete this post successfully from your previous discussion posts. You should discuss which “zone” the economy is currently operating in, and whether the economy is experiencing an “inflationary gap” or “recessionary gap.”
If you have difficulty embedding your graph into your post you can attach a copy of your post as a Word or PDF file when you make your reply.
Need information about how to embed an image in a discussion and reply see: https://community.canvaslms.com/docs/DOC-10700-4212190965 (Links to an external site.)Links to an external site.
