Summative Graphing Exercise Label Correctly and Describe as Requested Production Possibilities Graph Points that show inefficient, efficient, overextended, and unattainable economies . . Move the Frontier Describe how the Frontier can move over time. . Explain why moving from an inefficient point to a more efficient point does NOT require opportunity costs 2. Product Supply and Demand Graph Show a ceiling and a floor as usually created by a government agency List who is helped by the ceiling or floor . . List what is created by the ceiling or floor 3. Supply and Demand of International Currencies . Pick a determinant, show the change on the dollar market and a trade partner's market . List what happens to exports when a currency appreciates or depreciates 4. Aggregate Model #1 Show equilibrium at an inefficient economy (recession), efficient economy (full employment or full output), inflationary economy (overextended). What can move the LRAS line? 5 . Aggregate Model #2 . Show the result of a fiscal, expansionary policy that causes crowding out List how this policy is enacted 6. Money Market Graph #1 Show the result of a fiscal, expansionary policy (crowding out) 7. Money Market Graph #2 Show the result of a contractionary monetary policy . List how this policy is enacted 8. Loanable Funds Graph #1 . Show the result of a fiscal, expansionary policy (crowding out) and the effect on the Supply of LF 9. Loanable Funds Graph #2 Show the result of a fiscal, expansionary policy (crowding out) and the effect on the Demand for LF 10. Loanable Funds Graph #3 . Show the result of a contractionary monetary policy 1. Phillips Curve #1 Show changes on the SRPC due to the business cycle . Show the change of the SRPC due to Supply Shock Stagflation . Show how the LRPC moves if a country stops giving out unemployment insurance 12. Phillips Curve #2, Aggregate Model (side-by-side) Show the relationship between the Phillips Model and the Aggregate Model if Stagflation hits the economy (a Supply Shock)