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Inflation, Unemployment, and the Fed

Write a briefing that explains to Mr. Politico the important background concepts in a way that someone without knowledge of economics can understand. Structure your briefing in the following way: Begin by explaining the background concepts of: real GDP inflation unemployment Explain the concepts of aggregate supply and aggregate demand, including recessionary and inflationary gaps. Explain what the Fed does. Use the background concepts in your explanation. What is the Fed’s “dual mandate”? What tools does the Fed use to achieve its goals? What happens when the Fed pursues an expansionary or contractionary policy? To provide Mr. Politico with two specific examples of how the Fed works, summarize the two news articles. For each, explain the main ideas presented, the evidence given for these ideas, and the conclusions. Throughout the briefing, you will need to translate any economics jargon into simple, clear language for Mr. Politico. Look up any concepts that you don’t understand to help your analysis and be sure to use your own words as you write this briefing. http://www.nytimes.com/2013/02/27/business/economy/fed-chairman-defends-stimulus-efforts.html?smid=pl-share&_r=0 http://business.time.com/2013/02/27/what-happens-when-the-fed-really-does-run-out-of-ammunition/
Write a briefing that explains to Mr. Politico the important background concepts in a way that someone without knowledge of economics can understand. Structure your briefing in the following way: Begin by explaining the background concepts of: real GDP inflation unemployment Explain the concepts of aggregate supply and aggregate demand, including recessionary and inflationary gaps.
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Assignment ID
39645
Discipline
Type
CREATED ON
August 31, 2016
COMPLETED ON
September 1, 2016
Price
$30
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