2. Find an article in a major business publication, (for example, the Wall Street Journal, Barron's the Harvard Business Review, Forbes) that describes an event that may affect the U.S. price level and real GDP. • Draw an initial set of AD and AS curves and determine which curve(s) will be affected and in which direction it will shift as a result of the AD/AS factors or policies. What are the factors or policies? Predict what will happen to price level and real GDP and explain your answer. All graphs must be properly labelled. Each axis must be correctly labelled, and the horizontal axis must indicate the nature of the graph itself.

2. Find an article in a major business publication, (for example, the Wall Street Journal, Barron's the Harvard Business Review, Forbes) that describes an event that may affect the U.S. price level and real GDP. • Draw an initial set of AD and AS curves and determine which curve(s) will be affected and in which direction it will shift as a result of the AD/AS factors or policies. What are the factors or policies? Predict what will happen to price level and real GDP and explain your answer. All graphs must be properly labelled. Each axis must be correctly labelled, and the horizontal axis must indicate the nature of the graph itself.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

2. Find an article in a major business publication, (for example, the Wall Street Journal, Barron's,
the Harvard Business Review, Forbes) that describes an event that may affect the U.S. price
level and real GDP.
• Draw an initial set of AD and AS curves and determine which curve(s) will be affected and
in which direction it will shift as a result of the AD/AS factors or policies. What are the factors
or policies?
Predict what will happen to price level and real GDP and explain your answer.
All graphs must be properly labelled. Each axis must be correctly labelled, and the
horizontal axis must indicate the nature of the graph itself.

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