For each graph, you will need to Correctly label the axes and the curve(s) If there is an equilibrium point, correctly label it on both axes and correctly label any shifts and new equilibrium points Graph 1 Will be a Phillips Curve Graph Correctly draw a graph of the short and long run Phillips Curves The graph will represent the economy currently operating in a recession Identify point A on your short run Phillips Curve to indicate the current state of the economy The Federal Reserve implements an expansionary policy Identify Point B as a point after the policy has been implemented Assume that the Fed now does not implement the policy above, and nominal wages adjust to a new long run equilibrium What happens to nominal wages and the short run aggregate supply curve Draw the effect that the short run aggregate supply shift has on the short run Phillips Curve Graph 2 Will be a PPC curve Graph Graph the following The country of Brownsonia can produce consumer goods and capital goods, and its natural rate of unemployment is 5 Label point A as a point that shows Brownsonia with an unemployment rate of 9 Show the economy moving out of recession and returning to the natural rate of unemployment What are the 2 possible causes of the economy moving out of recession Show how economic growth will affect Brownsonia's PPC What are the 3 possible causes of economic growth for Brownsonia Graph 3 Will be Foreign Exchange Graph Graph the following Draw side by side graphs of the U S dollar and the euro There is an increase in the supply of the euro Correctly draw the effect this will have on the values of the dollar and the euro What are the 2 possible causes of the increase in the supply of the euro How does this affect the value of the euro and American net exports Graph 4 Will be a Foreign Exchange Graph Graph the following Draw side by side graphs of the U S dollar and the yen There is an increase in demand for the yen Correctly draw the effect this will have on the values of the dollar and the yen What are the 2 possible causes of the increase in demand for the yen How does this affect the value of the yen and American net exports

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Posted on Jul 06, 2024

For each graph, you will need to:

Correctly label the axes and the curve(s).
If there is an equilibrium point, correctly label it on both axes and correctly label any shifts and new equilibrium points.

Graph 1: Will be a Phillips Curve Graph

Correctly draw a graph of the short and long-run Phillips Curves.

The graph will represent the economy currently operating in a recession.

Identify point A on your short-run Phillips Curve to indicate the current state of the economy.
The Federal Reserve implements an expansionary policy. Identify Point B as a point after the policy has been implemented.
Assume that the Fed now does not implement the policy above, and nominal wages adjust to a new long-run equilibrium. What happens to nominal wages and the short-run aggregate supply curve?
Draw the effect that the short-run aggregate supply shift has on the short-run Phillips Curve.

Graph 2: Will be aPPC curve Graph

Graph the following: The country of Brownsonia can produce consumer goods and capital goods, and its natural rate of unemployment is 5%.

Label point A as a point that shows Brownsonia with an unemployment rate of 9%.
Show the economy moving out of recession and returning to the natural rate of unemployment.
What are the 2 possible causes of the economy moving out of recession?
Show how economic growth will affect Brownsonia's PPC.
What are the 3 possible causes of economic growth for Brownsonia?

Graph 3: Will be Foreign Exchange Graph

Graph the following: Draw side-by-side graphs of the U.S. dollar and the euro. There is an increase in the supply of the euro.

Correctly draw the effect this will have on the values of the dollar and the euro.
What are the 2 possible causes of the increase in the supply of the euro?
How does this affect the value of the euro and American net exports?

Graph 4: Will be a Foreign Exchange Graph

Graph the following: Draw side-by-side graphs of the U.S. dollar and the yen. There is an increase in demand for the yen.

Correctly draw the effect this will have on the values of the dollar and the yen.
What are the 2 possible causes of the increase in demand for the yen?
How does this affect the value of the yen and American net exports?