}One of myfavorite quotes
is:
}Hain’t we got
all the fools in town on our side? Andain’t that a
big enough majority in any town?
}
— Mark Twain
}Now, imagine your
team is thereelection campaign committee
for Pat Shoo-In, who is your local representative in the U.S. House of
Representatives. Your team needs to prepare Pat for an upcoming debate by
creating a 15- to 20-slide Microsoft® PowerPoint® presentation that Pat can
review before the debate. Your presentation should include an
introductory slide as well as a slide with your conclusions. Use
theboldedwords/phrases
shown below as titles for your slides.
}Your presentation
should:
}Identify thethree key facts about short-run
economic fluctuations and how the economy in the short run differs from the
economy in the long run. Provide real-world examples of those “key
facts.”
}Explaineconomic fluctuations and how shifts
in either aggregate demand or aggregate supply can cause expansions and
recessions using the model of aggregate demand and aggregate supply.
Discuss whether the U.S. economy is currently in the expansion phase of
the business cycle or in a recession and support your discussion with economic
statistics.
}Explain howmonetary policy affects
interest rates and aggregate demand as well as howfiscal policy affects interest rates and aggregate demand.
Explain the termaccommodative as
it applies to fiscal and monetary policy.
}Evaluate why
policymakers face a short-runtrade-off
between inflation and unemployment and why the
inflation-unemployment trade-off disappears in the long run. Support your
contentions with statistics on inflation and unemployment from the Bureau ofLabor
Statistics.
}Cite a minimum
of three peer-reviewed sources not including our textbook (Mankiw).
Appropriate sources could include the National Bureau of Economic Research
(information on economic fluctuations), the Federal Reserve (information on
monetary policy), the Congressional Budget Office (information on fiscal
policy), and the Council of Economic Advisors (information on fiscal
policy).
}Lastly, you need to
format your report consistent with APA guidelines and click the
Assignment Files tab to submit your report. Good luck!
