What is agg demand
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The document provides instructions for a presentation on monetary policy actions the Federal Reserve could take for the rest of the year to impact real GDP, CPI, and unemployment. It includes directions to cite statistics from macroeconomic apps, identify preferred monetary policy tools and their outcomes, and answer survey questions on policies to increase employment and spending among Pueblo seniors through monetary, fiscal, and aggregate demand and supply modeling.
What is agg demand
- 1. Take 5 min to prepare • Read this article, look for her outlook • Short presentation tomorrow on what Yellen should do with US monetary policy for the rest of this year. Cite statistics using your phone • FRED app (at no cost), bloomberg, find other macro app • Looking for discount rate action, money supply, Open market operations • Address the preferred outcomes: Real GDP, CPI & unemp. rate
- 2. 10 minute survey for Romero
- 3. On a separate paper 1. What are the 5 most purchased items by Pueblo seniors? 2. What are the 5 most common jobs held by Pueblo seniors?
- 4. On that same paper 3. 2 monetary changes that would increase Pueblo senior employment. 4. 2 fiscal changes that would increase Pueblo senior employment. 5. 2 monetary changes that would increase Pueblo senior spending 6. 2 fiscal changes that would increase Pueblo senior spending
- 5. Look over your changes 7. Which policy changes do you think will cause some inflation? 8. Is this an acceptable trade off for the increased spending or decreased unemployment? Explain.
- 6. How could we graph Pueblo demand?
- 7. Short run demand and supply • Aggregate = to sum up • Keynes’s • Short run • Model of • macroeconomy