write a briefing to prepare for a debate about the role of the Federal Reserve (the Fed) in controlling unemployment and inflation.
Inflation, Unemployment and the Fed
write a briefing to prepare for a debate about the role of the Federal Reserve (the Fed) in controlling unemployment and inflation. The Project resources explaining these concepts are listed in the order that you should review them. Also, read the two articles about the Federal Reserve. Write a briefing that explains the important background concepts. The report should be written so that someone without much knowledge of economics can understand. Your briefing does not need to follow a specific format, but it should include the following information and follow this basic structure: 1.Begin by explaining the background concepts of: real GDP. inflation. unemployment. 2 Explain the concepts of aggregate supply and aggregate demand, including recessionary and inflationary gaps. 3 Explain what the Fed does. Use the above background concepts in your explanation, and answer the following questions: What is the Feds dual mandate? What tools does the Fed use to achieve its goals? What happens when the Fed pursues an expansionary or contractionary policy? summarize the two news articles. For each article, explain the main ideas presented, the evidence given to support these ideas, and the conclusions. Throughout the briefing, you will need to translate any economics jargon into simple, clear language. Look up any concepts that you dont understand to help your analysis and be sure to use your own words as you write your briefing. Resources: https://saylordotorg.github.io/text_principles-of-economics-v2.0/ https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/national-income-and-price-determinations/aggregate-demand-ap/v/aggregate-demand https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/national-income-and-price-determinations/aggregate-demand-ap/v/shifts-in-aggregate-demand https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/national-income-and-price-determinations/long-run-aggregate-supply-ap/v/long-run-aggregate-supply https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/national-income-and-price-determinations/short-run-aggregate-supply-ap/v/short-run-aggregate-supply https://bi.galegroup.com.ezproxy.snhu.edu/global/article/GALE%7CA451181865?u=nhc_main&sid=ebsco https://www.nytimes.com/2016/03/17/business/economy/fed-interest-rates-meeting.html https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/basic-economics-concepts-macro/introduction-to-the-economic-way-of-thinking-macro/v/introduction-to-economics https://www.investopedia.com/university/economics/economics3.asp#axzz2MGpAsYyz https://cfaresources.s3.amazonaws.com/Converted_PDF/RES-0008213%20Chapter%201-%20Overview%20of%20the%20Federal%20Reserve%20System%20The%20Federal%20Reserve%20Board.pdf https://saylordotorg.github.io/text_principles-of-economics-v2.0/ https://saylordotorg.github.io/text_principles-of-economics-v2.0/