ECO 372 Week 3 Learning Team Assignment Aggregate Demand and Supply Mo


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ECO 372 Week 3 Learning Team Assignment Aggregate Demand and Supply Models

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ECO 372 Week 3 Learning Team Assignment Aggregate Demand and Supply Models

Write a 1,050- to 1,400-word report from one of the following two options:


· Option 1: Economic Advisement Paper.
· Option 2: Economic Critique.

Option 1: Economic Advisement Paper


Imagine that your Learning Team is a group of economic advisors working for the U.S. president. You have been tasked with evaluating the current state of the U.S. economy and making recommendations on how to improve it. Use the phrases shown below in blue as first-level headings for your paper.

Part 1 Analysis and Recommendations:

Describe the current trends in the following economic indicators and analyze how each indicator affects aggregate supply and demand:

· Unemployment.
· Expectations (discuss consumer and/or business expectations).
· Consumer income.
· Interest rates.

Develop a set of recommendations for the president regarding government spending and taxes based on the current trends in the above economic indicators.

Part 2 Evaluation of Recommendations:

Before you submit your recommendations to the president, decide as a team, to evaluate the recommendations from different perspectives. Assign half of your team to evaluate the recommendations from a Keynesian perspective and the other half from the Classical perspective. Based on these evaluations, discuss the adjustments, if any, you would make to your recommendations.

~ Include a conclusion that discusses why business managers should have a solid understanding of fiscal policy. Also, see the note, Introductions and Conclusions, which is posted in the Main forum for more information on conclusions.

Option 2: Economic Critique


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. Use the phrases shown below in blue as first-level headings for your paper.

~ Current Economic Trends. Describe the current trends in the following economic indicators:

· Unemployment.
· Expectations (discuss consumer and/or business expectations).
· Consumer Income.
· Interest Rates.

~ Effects on Aggregate Supply and Demand. Identify the effects that current trends in the above economic indicators have aggregate demand and supply.

~ Current Fiscal Policies. Identify fiscal policies that are currently being recommended by government leadership.

~ Evaluation of Recommendations. Evaluate the effectiveness of those fiscal policy recommendations from the Keynesian and Classical model perspectives.

~ Include a conclusion that discusses why business managers should have a solid understanding of fiscal policy. Also, see the note, Introductions and Conclusions, which is posted in the Main forum for more information on conclusions.

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