Reference no: EM131302970
Short Essay and Discussion
Need help with Short Essay (2-3 pages), APA format, double space(cited)
Description for short Essay:
Conduct a thorough analysis of both the classical economic model and the Keynesian economic model. Describe the impact on the aggregate demand and supply curves, along with the impact on inflation and unemployment
Discussion question answer, 100 words at least (cited)
Description of the topic: (this is not an essay so it doesnt have to be formated as an essay, just answer the question)
Present a thorough analysis of the inverse relationship between inflation and unemployment reflected by the Phillips curve. Make sure you know the latest numbers. Describe the importance of expectations and how they affect the actual relationship between the inflation rate and the unemployment rate. Some further ideas for discussion: Whose responsibility is unemployment? How actively should it be managed or should the market control it completely? What are the implications of the trade-off. Be careful to identify the positive reasons for your normative position. The normative position and comments are by far the most important part and carry the most weight as far as grading. Should the Government be more focused on the long-term issues of economic efficiency or jobs? Which is more important, unemployment or inflation? Why? Should these policies be handled at the federal or state level?
You can get information at the Bureau of Labor Statistics.
Note: A post that merely recites an example without offering economic analysis or responding to the questions assigned.
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