e on the vertical axis #1: Draw and carefully describe a graph that utilizes the Aggregate Demand/Aggregate Supply model that would illustrate the current state of the aggregate economy in the United States as of October 2021. The Aggregate Demand/Aggregate Supply Model is first introduced in Chapter 11e of your text and is further explicated in Chapters 12 and 13. Make sure that you explain your graph in your own words, illustrate the current state of the economy relative to pe. How big is the gap between actual and potential real GDP? Instructions: You should draw your own AD/AS graph which you can then embed into your post. Your graph needs to be clearly labeled and explained in some detail. Your graph must include an aggregate demand (AD) curve, a short run aggregate supply (SRAS) curve, and a long run aggregate supply curve (LRAS, Potential GDP) curve. You should clearly label both axes of the graph. Identify the current price level using the and the level-Pe on the horizontal axis. You can use the figure from your text below to model and adapt in framing your response. You should use the most recent data from the third quarter of 2021 which is available For information about how to embed an image in a discussion and reply sees Should you have difficulty embedding your graph into your post you can attach a copy of your image as a Word or PDF file but you should be able to embed if you follow the instructions here e. You will receive extra consideration on your post if you embed the image in your post. Please draw your graph rather than cut and paste from an outside source. Graphs that are simply copy and pasted from other sources including your text will be penalized at least 4 points. e on the vertical axis #1: Draw and carefully describe a graph that utilizes the Aggregate Demand/Aggregate Supply model that would illustrate the current state of the aggregate economy in the United States as of October 2021. The Aggregate Demand/Aggregate Supply Model is first introduced in Chapter 11e of your text and is further explicated in Chapters 12 and 13. Make sure that you explain your graph in your own words, illustrate the current state of the economy relative to pe. How big is the gap between actual and potential real GDP? Instructions: You should draw your own AD/AS graph which you can then embed into your post. Your graph needs to be clearly labeled and explained in some detail. Your graph must include an aggregate demand (AD) curve, a short run aggregate supply (SRAS) curve, and a long run aggregate supply curve (LRAS, Potential GDP) curve. You should clearly label both axes of the graph. Identify the current price level using the and the level-Pe on the horizontal axis. You can use the figure from your text below to model and adapt in framing your response. You should use the most recent data from the third quarter of 2021 which is available For information about how to embed an image in a discussion and reply sees Should you have difficulty embedding your graph into your post you can attach a copy of your image as a Word or PDF file but you should be able to embed if you follow the instructions here e. You will receive extra consideration on your post if you embed the image in your post. Please draw your graph rather than cut and paste from an outside source. Graphs that are simply copy and pasted from other sources including your text will be penalized at least 4 points
