ECO 372 Week 3 Learning Team Aggregate Demand And Supply Models 2
Aggregate Demand and Supply Models
ECO/372
Aggregate Demand and Supply Models
As the group of economic advisors to the U.S. President, the team has goals they need to achieve. As a team we need to analysis and make recommendations on the following areas: unemployment, expectations, consumer income, and interest rates on how it is affecting the aggregate supply and demand. The team also needs to evaluate each area and make recommendations to make improvements to the economy. The following information will be the team efforts to pull together the best evaluation and recommendations to the economic issues.
Unemployment
Today’s unemployment rate is at an all-time low but for the government to keep the unemployment at the low rate there are some issues that need to be addressed. Part of the issues is to continue training of employments so they can be employable. With working all employees to keep them trained and up-to- date with the new job opportunities will help the economy grow and be stronger.
One recommendation would be to keep people fully employed. The following model would explain a good plan and good business cycle to keep people employed. (A Model of the Macro-Economy: Aggregate Demand and Supply, May)
This would be one goal of the economic advisor team to reach so that the U.S. government can be strong and prepare for a strong economy. In the case of the unemployment issues the Keynesian perspective would be a good recommendation due to it’s a short-term policy. The economy need to have the unemployment issues addressed in a timely matter so the U.S. government can keep the employee working at a full-time status. This would be a positive step for the economy to make the economic stronger.
Expectations
Expectations play an important role in the state of affairs and present conditions of the country. If we take the recent housing bubble bursting and the resulting decline of the housing sector of our economy, prices have fallen significantly, to the
ECO/372
Aggregate Demand and Supply Models
As the group of economic advisors to the U.S. President, the team has goals they need to achieve. As a team we need to analysis and make recommendations on the following areas: unemployment, expectations, consumer income, and interest rates on how it is affecting the aggregate supply and demand. The team also needs to evaluate each area and make recommendations to make improvements to the economy. The following information will be the team efforts to pull together the best evaluation and recommendations to the economic issues.
Unemployment
Today’s unemployment rate is at an all-time low but for the government to keep the unemployment at the low rate there are some issues that need to be addressed. Part of the issues is to continue training of employments so they can be employable. With working all employees to keep them trained and up-to- date with the new job opportunities will help the economy grow and be stronger.
One recommendation would be to keep people fully employed. The following model would explain a good plan and good business cycle to keep people employed. (A Model of the Macro-Economy: Aggregate Demand and Supply, May)
This would be one goal of the economic advisor team to reach so that the U.S. government can be strong and prepare for a strong economy. In the case of the unemployment issues the Keynesian perspective would be a good recommendation due to it’s a short-term policy. The economy need to have the unemployment issues addressed in a timely matter so the U.S. government can keep the employee working at a full-time status. This would be a positive step for the economy to make the economic stronger.
Expectations
Expectations play an important role in the state of affairs and present conditions of the country. If we take the recent housing bubble bursting and the resulting decline of the housing sector of our economy, prices have fallen significantly, to the