Question
A - Do some online research to find annual 2021 numbers for US GDP growth, the unemployment rate, and the inflation rate. B - Reflecting
A - Do some online research to find annual 2021 numbers for US GDP growth, the unemployment rate, and the inflation rate.
B - Reflecting the macroeconomic indicators numbers found in part A, draw a clearly labeled aggregate demand and aggregate supply model graph to show the US economy in 2021.
C - Identify 2 specific variables of aggregate demand (C, I, G, NX) that changed in 2021 and explain how they changed in 2021 (from 2020).
1. Draw your own graph on a piece of paper (don't download a graph from the internet).
2. Clearly label all axes and lines. Include all relevant information.
3. Explain which variables changed, and how, from 2020 to 2021.
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