(1) Draw a generic Aggregate Supply (AS) and Aggregate Demand (AD) curve on a set of axes. Label your vertical axis and your horizontal axis appropriately and indicate where the macroeconomic equilibrium is. (2) Then use the attach article to discuss the effect either AS or AD. Represent this effect using a rightward or leftward shift as appropriate. Article: IMF lifts Global Growth Forecast for 2021 to 6% (attachment). (3) Interpret the effect on the price level, output, and unemployment in the context of your model as applied to your current event article.

4/6/2021 IMF Lifts Global Growth Forecast for 2021 to 6% - WSJ This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. https://www.wsj.com/articles/imf-lifts-global-growth-forecast-for-2021-to-6-11617712209 ECONOMY IMF Lifts Global Growth Forecast for 2021 to 6% International lender cites stimulus spending in advanced economies, accelerating Covid-19 vaccine rollouts INTERNATIONAL MONETARY FUND The U.S. economy is projected to expand 6.4% this year and regain its pre-pandemic size, the IMF projects. PHOTO: MANDEL NGAN/AGENCE FRANCE-PRESSE/GETTY IMAGES By Yuka Hayashi April 6, 2021 8:30 am ET Listen to this article 4 minutes WASHINGTON-The International Monetary Fund raised its projections for global economic growth for this year and next, citing aggressive stimulus spending by the U.S. and other rich nations and the accelerating rollout of Covid-19 vaccines. https://www.wsj.com/articles/imf-lifts-global-growth-forecast-for-2021-to-6-11617712209 1/4