One of my favorite quotes is:
Haint we got all the fools in town on our side? And aint that a big enough majority in any town?
Mark Twain
Now, imagine your team is the reelection campaign committee for Pat Shoo-In, who is your local representative in the U.S. House of Representatives. Your team needs to prepare Pat for an upcoming debate by creating a 15- to 20-slide Microsoft® PowerPoint® presentation that Pat can review before the debate. Your presentation should include an introductory slide as well as a slide with your conclusions. Use the bolded words/phrases shown below as titles for your slides.
Your presentation should:
- Identify the three key facts about short-run economic fluctuations and how the economy in the short run differs from the economy in the long run. Provide real-world examples of those key facts.
- Explain economic fluctuations and how shifts in either aggregate demand or aggregate supply can cause expansions and recessions using the model of aggregate demand and aggregate supply. 5 slides
- Explain how monetary policy affects interest rates and aggregate demand and howfiscal policy affects interest rates and aggregate demand. Explain the termaccommodative as it applies to fiscal and monetary policy.
- Evaluate why policymakers face a short-run trade-off between inflation and unemployment and why the inflation-unemployment trade-off disappears in the long run.
Cite a minimum of three peer-reviewed sources not including our