Question
a) What was the annual growth rate of the U.S. real GDP in 2013-2015? Was the economy accelerating or slowing during the course of 2015?
a) What was the annual growth rate of the U.S. real GDP in 2013-2015? Was the economy accelerating or slowing during the course of 2015? b) Identify values (constant dollar, billions) for the major components of aggregate demand; that is, GDP = C + I + G + (X - M), for 2015. c) What were thelargest and smallest contributors to real GDP growth in 2015? d) How has government expenditure (G), contributed to realGDPin 2015? e) Explain what might have happened to the Long Run Aggregate Supply Curve in 2015? f) Is there any connection you can draw between the performance of the U.S. stock market in 2013-15 and the componentsofaggregate demand? g) What has been the trend (annual and last two quarters of 2015) in the aggregate price level? What does this imply about the money supply and monetary policy?
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