Using Information On Amazon: Explain The Following In 4 Powe

Using Information On Amazon Explain The Following In 4 Powerpoint Slid

Using information on Amazon explain the following in 4 PowerPoint slides: 1- Explain economic fluctuations and how shifts in either aggregate demand or aggregate supply can cause expansions and recessions using the model of aggregate demand and aggregate supply. 2 - Discuss whether the U.S. economy is currently in the expansion phase of the business cycle or in a recession and support your discussion with economic statistics. Resources: National Bureau of Economic Research Please note: Online encyclopedias, dictionaries, and non-peer reviewed sources such as thebalance.com Investopedia, , , etc., are inappropriate sources. Content on slides must be six lines of less with six words or less all information must be provided in speaker notes. Input information onto the attached slide.

Paper For Above instruction

Economic fluctuations refer to the changes in overall economic activity over time, primarily characterized by periods of expansion and recession. Understanding these fluctuations involves analyzing shifts in aggregate demand (AD) and aggregate supply (AS) within the economy. When aggregate demand increases, it leads to economic expansion, characterized by higher output and employment. Conversely, a decrease in AD causes contraction or recession, where economic activity slows down. Similarly, shifts in aggregate supply influence economic cycles; an increase in AS typically results in lower prices and growth, while a decrease can trigger inflation and recession. The AD-AS model illustrates how these shifts create the cyclical nature of the economy, with expansions and recessions driven by changes in demand and supply factors. Historically, these fluctuations are influenced by technological innovations, fiscal and monetary policies, and external shocks, which can either stimulate growth or precipitate downturns.

The current state of the U.S. economy can be evaluated through recent economic data and the assessments by the National Bureau of Economic Research (NBER). As of recent reports, the U.S. economy shows signs of ongoing expansion, with robust GDP growth, low unemployment rates, and sustained consumer spending (Bureau of Economic Analysis, 2023; Federal Reserve, 2023). The unemployment rate remains near historic lows at around 3.8%, indicating strong labor market conditions (BLS, 2023). Inflation has moderated somewhat but remains above the Federal Reserve's target range, prompting cautious monetary policy actions to maintain growth without overheating the economy. Based on NBER assessments, the economy's growth trajectory suggests it is in an expansion phase rather than in recession, although there are concerns about potential overheating and inflationary pressures (NBER, 2023). Continuous monitoring of economic indicators such as GDP, employment, and inflation is essential to determine the cycle's stage accurately.

References

  • Bureau of Economic Analysis. (2023). National Economic Accounts.
  • Federal Reserve. (2023). Monetary Policy Report.
  • Bureau of Labor Statistics. (2023). Employment Situation Summary.
  • National Bureau of Economic Research. (2023). Business Cycle Dating.
  • Mankiw, N. G. (2020). Principles of Economics (8th ed.). Cengage Learning.
  • Krugman, P., & Wells, R. (2018). Economics (5th ed.). Worth Publishers.
  • Blanchard, O. (2017). Macroeconomics (7th ed.). Pearson.
  • Romer, D. (2018). Advanced Macroeconomics (5th ed.). McGraw-Hill Education.
  • Investopedia. (2023). Aggregate Demand and Supply explained.
  • Lehman, G. (2022). Macroeconomics: Principles and Policy. Routledge.

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