Question
A- Do some online research to find annual 2023 numbers for US GDP growth, the unemployment rate, and the inflation rate. B - Reflecting the
A- Do some online research to find annual 2023 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 2023. (Hint: You can identify 2022 as being at equilibrium to keep things simple.)
C - Identify 2 specific variables of aggregate demand (C, I, G, NX) that changed in 2023 and explain how they changed (from 2022).
1. Draw the graph on a piece of paper
2.Clearly label all axes and lines
3. Explain which variables changed, and how, from 2022 to 2023
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