Larry Summers, Professor of Economics at Harvard and ex-Treasury Secretary and Chief Economist at the World Bank, has been making lots of waves of late. He's expressed his fears that inflation would come in stronger than the Fed expected -- he was right -- and now he's predicting that there's a 40% chance of a recession ahead as the Fed tightens to reduce inflationary pressures and higher wages force cutbacks in business output. Come up with your own forecast of the next year or two, factoring in new trends like: • supply chains issues (that seem to be easing, by the way) Fed policy that will turn contractionary a new $1.7 trillion infrastructure bill to be passed by Congresss continuation of the rising trend of worker retirements • possible weakening of the dollar alongside rising tensions with Russia.

Larry Summers, Professor of Economics at Harvard and ex-Treasury Secretary and Chief Economist at the World Bank, has been making lots of waves of late. He's expressed his fears that inflation would come in stronger than the Fed expected -- he was right -- and now he's predicting that there's a 40% chance of a recession ahead as the Fed tightens to reduce inflationary pressures and higher wages force cutbacks in business output. Come up with your own forecast of the next year or two, factoring in new trends like: • supply chains issues (that seem to be easing, by the way) Fed policy that will turn contractionary a new $1.7 trillion infrastructure bill to be passed by Congresss continuation of the rising trend of worker retirements • possible weakening of the dollar alongside rising tensions with Russia.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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1) https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/national-income-and-price-determinations/aggregate-demand-ap/v/aggregate-demand 2) https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/national-income-and-price-determinations/aggregate-demand-ap/v/shifts-in-aggregate-demand 3) https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/national-income-and-price-determinations/short-run-aggregate-supply-ap/v/short-run-aggregate-supply 4) https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/national-income-and-price-determinations/long-run-aggregate-supply-ap/v/long-run-aggregate-supply 5) https://www.youtube.com/watch?v=xP4y2m16NH8 please I need a short summaries of these videos.
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